Foreign portfolio investors (FPIs) have pulled out close to ₹4,800 crore from equities in the first fortnight of September on rising US bond yields, a stronger dollar, and concerns over global economic growth. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in ₹1.74 lakh crore during the period. According to the data with the depositories, Foreign Portfolio Investors (FPIs) pulled out a net sum of ₹4,768 crore from the equities so far this month (till September 15). This came after FPI investment in equities had hit a four-month low of ₹12,262 crore in August. With this, the total investment by FPIs in equity has reached ₹1.3 lakh crore and over ₹30,200 crore in the debt market this year so far.

Source: The Hindu September 17, 2023 15:26 UTC