Foreign investors withdrew Rs 52,704 crore (around $5.7 billion) from domestic equities in the first fortnight of March, amid escalating tensions in West Asia, the depreciation of the rupee, and concerns over the impact of high crude oil prices on India’s growth and corporate earnings. The latest selloff comes after foreign portfolio investors (FPIs) infused Rs 22,615 crore into Indian equities in Feb, the highest monthly inflow in 17 months. Prior to that, FPIs were net sellers for three consecutive months, withdrawing Rs 35,962 crore in Jan, Rs 22,611 crore in Dec and Rs 3,765 crore in Nov, according to depository data.