Overseas investors have pulled out Rs 17,555 crore (USD 2.65 billion) from the Indian capital markets in the month due to sharp global sell-off triggered by a rout in Chinese equities.
The net outflow by Foreign Portfolio Investors (FPIs) come following a net investment of Rs 5,323 crore last month.
FPIs withdrew a net amount of Rs 16,936 crore from the equities till August 28, while they pulled out Rs 619 crore from the debt markets during the same period, translating into a net outflow of Rs 17,555 crore (USD 2.65 billion), according to data available with the depositories.
The final figure for August is likely to change as there is still one trading session left.
Read more at http://www.financialexpress.com/article/markets/indian-markets/fpis-press-exit-button-takes-out-rs-17555-cr-in-august/127673/
The net outflow by Foreign Portfolio Investors (FPIs) come following a net investment of Rs 5,323 crore last month.
FPIs withdrew a net amount of Rs 16,936 crore from the equities till August 28, while they pulled out Rs 619 crore from the debt markets during the same period, translating into a net outflow of Rs 17,555 crore (USD 2.65 billion), according to data available with the depositories.
The final figure for August is likely to change as there is still one trading session left.
Read more at http://www.financialexpress.com/article/markets/indian-markets/fpis-press-exit-button-takes-out-rs-17555-cr-in-august/127673/
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