FPI withdrawal Rs 17,144 crore
Foreign portfolio investors withdraw Rs 17,144 crore from Indian stock market.
FPIs pulled out Rs 17,144 crore from Indian equity markets in April amid fears of an aggressive rate hike by the US central bank.
Experts say that due to high crude oil prices, volatility in the stock market will continue in the near future.
FPIs have been net sellers for the last seven months and have pulled out a huge amount of Rs 1.65 lakh crore from shares.
According to depository data, Foreign portfolio investors pulled out Rs 17,144 crore from Indian markets in April.
Apart from equities, FPIs have also pulled out a net Rs 4,439 crore from the debt or bond market during the same period.
Experts believe that the sell-off may continue this month amid fears of an aggressive rate hike by the US Federal Reserve.
Some experts are considering the high rate of inflation as the reason for the exit of FPIs from the stock markets.
Apart from India, foreign portfolio investors have also withdrawn from emerging markets such as Taiwan, South Korea and the Philippines.
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