FPIs Pull Out Over $11 Billion In March, Indian Markets See Record Outflows As Yields Hit 4.4% & Rupee Nears 94.82
Mumbai: Foreign investors have sharply increased selling in the Indian stock market. Foreign Portfolio Investors (FPIs) have sold shares worth over USD 11 billion (more than Rs 90,000 crore) in March so far. This is being seen as the largest monthly outflow ever, showing strong caution among global investors. Rising US Bond Yields Attract Investors…
