FIIs withdraw Rs14,000 crore from Indian stocks in June

13 Jun 2022 , 09:52 AM

Foreign investors have continued to withdraw from Indian equities markets, pulling out close to Rs14,000 crore so far this month, wary of the scenarios developing on the global and domestic fronts. According to data from depositories, net outflows from equities by foreign portfolio investors (FPIs) have reached Rs1.81 lakh crore so far in 2022.

FIIs withdrew a total of Rs600 crore from the debt market as well during the period under review, in addition to stocks. Since February, they’ve been pulling money from the debt side nonstop. From a risk-reward standpoint, and with interest rates in the United States also rising, experts believe that Indian debt may not be an attractive investment option for international investors.

Apart from India, other emerging economies have had outflows this month, including Taiwan, South Korea, Thailand, and the Philippines.