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The Economic Times

FPIs turn net sellers, pull out Rs 35,860 cr in Sep

FPIs United States Rajesh Singla India Interest Rates

After two consecutive months of buying, foreign portfolio investors (FPIs) turned net sellers in September, pulling out Rs 35,860 crore from Indian equities amid global uncertainties, elevated US interest rates and high crude oil prices.

The selling continued into October, with foreign investors pulling out another Rs 9,232 crore from equities on October 1, according to data from Central Depository Services Limited (CDSL).

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