Flight of FPIs continues; equities worth Rs 31,430 crore sold in June so far
FirstpostWith this, net outflow by Foreign Portfolio Investors from equities reached Rs 1.98 lakh crore so far in 2022, data with depositories showed New Delhi: Aggressive rate hike by the US Federal Reserve, coupled with elevated inflation and high valuation of equities continued to keep foreign investors at bay from the Indian stock market as they pulled out Rs 31,430 crore in this month so far. With this, net outflow by Foreign Portfolio Investors from equities reached Rs 1.98 lakh crore so far in 2022, data with depositories showed. According to the data, foreign investors withdrew a net amount of Rs 31,430 crore from equities in the month of June. From the risk reward perspective and with interest rates rising in the US, Indian debt may not be an attractive investment option for foreign investors, Srivastava said.