US-based funds pulling out money from India at fastest pace since Jan 2022: Report
Live MintIndia, which stood out as the hottest market for foreign investments in 2023, is now showing signs of a rapid reversal. In its latest report, domestic brokerage firm Elara Capital noted that foreign funds have begun pulling money out of India-dedicated funds for the first time since March 2023, with the fastest pace of outflows seen since the Russia-Ukraine crisis in 2022. The brokerage stated that US-domiciled funds have started pulling out money from India at the fastest pace since January 2022. It also noted that foreign fund flows into China turned negative over the past two weeks, with $2 billion in outflows after $19.2 billion in inflows during the prior five weeks. FII selling pressure mirrors 2008 crisis levels Elara Capital also highlighted rising concerns about the intensity of foreign institutional investors selling in India.