 "FPI, FDI, investment, funds, overseas, foreign, investors")
The pace at which foreign portfolio investors (FPIs) are selling holdings is one of the worst the Indian market has seen. An analysis by brokerage ICICI Securities shows the trailing 12-month (TTM) selling tally of FPIs of $36 billion is higher than $28 billion recorded during the 2008 global financial crisis.
Overseas investors have stepped up their selling since October, expecting the US Federal Reserve will make a hawkish pivot due to inflation in the US. The selling accelerated after Russia attacked Ukraine on February 24 and caused a spike in global commodity prices, particularly oil. Since October, FPIs have
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