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The Times of India

Business

ANI

FPI sell-off continues for 9-month, pulled out equities worth Rs 50,203 crore in June

VK Vijayakumar India New Delhi

NEW DELHI: Foreign portfolio investors (FPIs) have pulled out Rs 50,203 crore worth of equities from India in the month of June, according to the latest National Securities Depository data.

FPIs have been persistently selling equities in the Indian markets for the past nine-to-ten months due to various reasons, including tightening of monetary policy, rising current account deficit on account of depreciation of rupee, rising dollar and bond yields in the US.

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