FPI Outflow Hits 18-month High at Rs 29,714 cr in May

FPI Outflow Hits 18-month High at Rs 29,714 cr in May

Foreign investors pulled out a massiveRs 29,714 crore from the capital markets in May, making it the biggest outflow in 18 months, primarily due to a surge in global crude prices. This comes following an outflow of Rs 15,561 crore from the capital markets (equity and debt) in April. Prior to that, foreign investors had pumped in ?2,662 crore in March. Foreign portfolio investors (FPIs) withdrew a net sum of Rs 10,060 cr from equities and Rs 19,654 cr from debt market in May, taking the total to Rs 29,714 cr. This is the steepest outflow from the capital market since Nov 2016, when FPIs had pulled out Rs 39,396 crore.

The Economic Times, New Delhi, 04th June 2018

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