26-December-2024
Markets and Finance
 
FPI selling spree continues in November; investors pull out Rs 21,612 crore
02-Dec-2024

Foreign investors pulled out Rs 21,612 crore (USD 2.56 billion) from the domestic equity market in November. The outflow has been attributed majorly to rising US bond yields, strengthening US dollar and expectation of a slowdown in the domestic economy. The trend of net outflow continues for second straight month. FPIs recorded a massive withdrawal of Rs 94,017 crore (USD 11.2 billion). The total outflow in 2024 has reached Rs Rs 15,019 crore so far.

News Source:- https://www.financialexpress.com/market/fpi-selling-spree-continues-in-november-investors-pull-out-rs-21612-crore-3681330/?ref=latest_hp