FPIS pull out over $4 bn from markets in 3 weeks

NEW DELHI: Foreign investors have pulled out close to ₹32,000 crore from the Indian capital markets in the first three weeks of this month due to the ongoing global trade tiff, rising crude prices and higher US treasury yields. This is much higher than the over ₹21,000 crore net outflow seen in entire September. Prior to that, overseas investors had put in a net amount of ₹7,400 crore in the capital markets (both equity and debt) in July-august. According to the latest depository data, foreign portfolio investors (FPIS) sold equities to the tune of ₹19,810 crore during October 1-19 and bonds worth ₹12,167 crore, taking the total to ₹31,977 crore ($4.3 billion). FPIS have been net sellers almost throughout this year except a couple of months.