Foreign portfolio investors (FPIs) have turned aggressive sellers in Indian markets ever since reducing their buying momentum with the onset of the new fiscal 2024-25.
Foreign investors pulled out a massive 22,000 crore rupees from Indian equities so far in May amid uncertainty surrounding the outcome of the Lok Sabha elections and out-performance of Chinese markets.
The number comes after a net outflow of over 8,700 crore rupees in the entire April on concerns over a tweak in India’s tax treaty with Mauritius, and a sustained rise in US bond yields. Before that, FPIs made a net investment of 35,098 crore rupees in March and 1,539 crore rupees in February.
