FPIs net sellers of Rs 7,500 crore of equities in first two weeks of October

17 Oct 2022 , 09:17 AM

Due to worries that monetary policy tightening by the US Federal Reserve and other central banks across the world will stifle global economic development, foreign investors withdrew almost Rs 7,500 crore from the Indian equities markets in the first two weeks of October.

The information shows that from October 3 to 14, FPIs withdrew Rs7,458 crore from stocks. The US Fed’s hawkish posture and the steep devaluation of the rupee caused an outflow of more than Rs7,600 crore in September, which led to this.

In August and around Rs5,000 crore in July prior to this, FPIs made net investments totaling Rs51,200 crore. Before July, foreign investors had nine straight months of net selling of Indian stocks.

Along with stocks, foreign investors withdrew Rs2,079 crore from the debt market during the time period under consideration. Aside from India, this month’s FPI flows have been negative for the Philippines, Taiwan, and Thailand.

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