FPI outflow hits 16month high at ₹15,500 cr in April

NEW DELHI: Foreign investors have pulled out over ₹15,500 crore from the Indian capital market in April, making it the steepest outflow in 16 months, due to surge in global crude prices and rise in yields of government securities here. This comes after an inflow of ₹11,654 crore in equities in March and an outflow of over ₹9,000 crore from the debt market in the same period.