FPIs withdrew Rs 25,586 cr from Indian equities in May due to various factors.

From Deccan Herald: 2024-06-02 02:14:40

Foreign Portfolio Investors (FPIs) withdrew Rs 25,586 crore from Indian equities in May due to election uncertainty and Chinese market outperformance. High valuations, weak earnings, and US bond yield rise also influenced FPI selling. Despite this, a positive outlook for the Indian economy is expected with robust GDP growth and fiscal flexibility from a record RBI dividend payout. The upcoming election results and US interest rates will continue to impact FPI flows in the near future. On the other hand, FPIs invested in Indian debt and debt-VRR due to inclusion in JP Morgan Index, with a positive long-term outlook for FPI flows in Indian debt markets.



Read more at Deccan Herald: FPIs take out Rs 25,586 cr from equities in May on poll jitters, attractive valuations in China