FPIs pull out Rs 5,300 crore from capital markets in January

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Business News

Feb 03, 2019

5:50PM

FPIs pull out Rs 5,300 crore from capital markets in January

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Foreign Portfolio Investors, FPIs, withdrew over 5,300 rupees crore from the Indian capital markets in January, indicating their 'wait and watch' approach ahead of the general elections.

Prior to this, they had infused a net sum of over 17,000 rupees crore in the capital markets, in equity and debt, during November and December 2018. In October, they had pulled out a massive 38,900 crore rupees.

According to data available with the depositories, FPIs pulled out a net amount of 5,264 crore rupees from equities and 97 crore rupees from the debt markets last month, taking the total outflow to 5,361 crore rupees.