Foreign investors pulled out a massive ₹41,000 crore from the Indian equity market in March in anticipation of rate hikes by the US Federal Reserve and the deteriorating geopolitical environment amid the Russia-Ukraine war, continuing their selling spree for the sixth consecutive month.
Flows from foreign portfolio investors (FPIs) are expected to remain volatile in the near term given the headwinds in terms of elevated crude prices and inflation, experts said.
According to data available with the depositories, FPIs were net sellers to the tune of ₹41,123 crores in the equity market last month.
This was way higher than net withdrawals of ₹35,592 crore in February and ₹33,303 crore in January.
Read more