Home / Economy / News / Ahead of Budget, FPIs take out Rs 17K crore from equities in January

Ahead of Budget, FPIs take out Rs 17K crore from equities in January

Overall, foreign portfolio investors (FPIs) have pulled out Rs 1.21 trn from the Indian equity markets in 2022, following aggressive rate hikes by the central banks globally

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For FPIs, 2022 was a subdued year in terms of flow and withdrawal from equities after a net investment in the preceding three years.

Press Trust of India New Delhi

3 min read Last Updated : Jan 29 2023 | 11:50 PM IST

Foreign investors have pulled out a net of over Rs 17,000 crore this month so far due to the attractiveness of the Chinese markets and the cautious stance adopted by them ahead of the Union Budget and US Federal Reserve meeting.

The outflow in January came after a net inflow of Rs 11,119 crore in December and Rs 36,239 crore in November.

Overall, foreign portfolio investors (FPIs) have pulled out Rs 1.21 trillion from the Indian equity markets in 2022, following aggressive rate hikes by the central banks globally, particularly the US Federal Reserve, volatile crude, rising commodity prices and

Disclaimer: No Business Standard Journalist was involved in creation of this content

Topics : Foreign Portfolio Investors Budget 2023 Indian equity markets China

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