Synopsis
The FPI outflow has reached a record high driven by the valuation discomfort and India’s high macroeconomic sensitivity to crude oil. They have been the net sellers in Asia’s third-largest economy for nine months in a row, the longest duration in more than a decade. In June so far, FPIs have sold $5.1 billion of Indian equities.
ET Intelligence group: Foreign portfolio investors (FPIs) have pulled out $39 billion (close to Rs 3 lakh crore) from Indian equities through the stock exchange route in the nine months to June so far, the data from NSDL show. Their assets under management (AUM) fell by 18.6% to $531 billion at the end of the first fortnight of June 2022, compared with $653 billion at the beginning of the year.
The FPI outflow has reached a record high driven
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