FPIs withdraw record Rs 94,000 cr from Indian equities in October

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The story "FPIs withdraw record Rs 94,000 cr from Indian equities in October" was covered 2 weeks ago by Business Standard, a news publisher based in India.

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FPIs withdraw record Rs 94,000 cr from Indian equities in October - Business Standard

Quick Summary:

Foreign investors pulled out a massive Rs 94,000 crore (around USD 11.2 billion) from the Indian stock market in October, making it the worst-ever month in terms of outflows, triggered by the elevated valuation of domestic equities and attractive valuations of Chinese stocks.

Before this, foreign portfolio investors (FPIs) withdrew Rs 61,973 crore from equities in March 2020.

Since June, FPIs have consistently bought equities after withdrawing Rs 34,252 crore in April-May.