News From Press Overseas Mutual Funds pull out $1.28 billion in last quarter

Overseas Mutual Funds pull out $1.28 billion in last quarter

Source: BL May 23, 2022

Investment by overseas mutual funds in India witnessed a net outflow for the 16th quarter in a row with a net outflow of $1.28 billion in three months ended March against the net outflows of $435 million in the quarter ended last December as the recent interest rate hikes making global markets more attractive even amid the concern over weak economic growth prospects.

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