FPIs’ exodus continues; pull out Rs 46,000 cr from Indian equities in June so far

Foreign Investment Outflow Continues; FPIs Pull Out Rs 46,000 Crore from Indian equities in June

Foreign investors continue to desert Indian equity markets and pulled out close to Rs 46,000 crore so far this month following monetary policy tightening by the Reserve Bank and US Federal Reserve, high oil prices and volatile rupee

FPIs’ exodus continues; pull out Rs 46,000 cr from Indian equities in June so far

Geojit Financial Services' Vijayakumar said that the rising dollar and appreciating bond yields in the US are the major factors triggering FPI outflows.

FPIs' exodus continues; pull out ₹46,000 cr from Indian equities in June

The net outflow by foreign portfolio investors (FPIs) from equities reached ₹2.13 lakh crore unitll now in 2022, data with depositories showed.

FPIs' exodus continues; pull out Rs 46,000 cr from Indian equities in June so far

FPIs inflow will only resume once there is visibility on the peak of bond yields in the US and an end to Fed rate hikes, he added.Moreover, FPIs are likely to sell more if the current trend of rising dollar and bond yields persists, said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

FPIs pull out Rs 46,000 crore from Indian equities in Jun so far

The massive selling by FPIs continued in June as they have been relentlessly withdrawing money from Indian equities since October 2021.

Outflow of foreign investment continues; FPIs to hit Rs 46,000 Crore from Indian equities in June

Foreign investors continue to exit Indian stock markets, recovering nearly Rs 46,000 crore this month so far this month following monetary policy tightening