After pumping in close to $20 billion in the preceding five months, foreign portfolio investors (FPIs) have yanked out $220 million from domestic stocks this month. The selling by overseas funds has led to turbulence in the domestic markets, with benchmark indices swinging wildly last week.
The yield on the 10-year US government security rose as much as 27 basis points this week to hit a nine-month high of 4.19 per cent before cooling off a bit on Friday.
