Foreign portfolio investors (FPIs) have pulled out Rs 3,741 crore from the Indian markets in just three trading sessions of July, which market analysts attributed to profit booking and appreciation in the rupee over the last few weeks.
The depositories data showed that FPIs withdrew a net sum of Rs 3,959 crore from the equities but invested a net Rs 218 crore in debt segment between July 1-3.
This translated into a total net withdrawal of Rs 3,741 crore during the period under review.
The latest withdrawal has come after investment of Rs 24,053 crore by FPIs in domestic markets