FPIs selloff at slow pace; pull out Rs 1,586 crore from equities in Oct

So far this year, the total outflow by FPIs in equities has reached Rs 1.70 trillion

After withdrawing over Rs 7,600 crore last month, foreign investors have slowed down the pace of equity selling in India in October so far, as they pulled out Rs 1,586 crore from capital markets. Foreign portfolio investors (FPIs) were net buyers of Rs 51,200 crore in August. The month of November is expected to have net inflow of more or less similar to this, K Dileep, Head of PMS at Geojit Financial Services, said.

According to the data from the depositories, FPIs withdrew Rs 1,586 crore from equities in October (till 28). The one trading session is left for the month.