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The Economic Times
The Economic Times
Business

FPIs resume selling; pull out Rs 7,443 cr from equities in first week of Sep

United States Oil India

After investing in Indian equities for two consecutive months, foreign investors turned net sellers in the first week of September, pulling out Rs 7,443 crore as a rebound in crude oil prices, rising US bond yields, and a firm dollar dented risk appetite.

The outflow came after Foreign Portfolio Investors (FPIs) infused over Rs 29,600 crore in August and Rs 20,200 crore in July, data from National Securities Depository Limited (NSDL) showed.

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