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FPIs pull out Rs 3,741 cr from Indian mkts in 3 trading sessions of July

The latest withdrawal has come after investment of Rs 24,053 crore by FPIs in domestic markets in June

India remains favourite with FPIs despite a steady deterioration in macros
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FPIs have been actively trimming their holdings in some stocks

Press Trust of India New Delhi
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

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