News From Press FPIs outflow in equities crosses Rs 10,000 cr mark in September on rising US interest rates

FPIs outflow in equities crosses Rs 10,000 cr mark in September on rising US interest rates

Source: Financial Express Sep 25, 2023

Foreign Portfolio Investors (FPIs) have pulled out over Rs 10,000 crore from Indian equities in the first three weeks of September, primarily due to rising US interest rates, recessionary fears, and overvalued domestic stocks. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.

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