Foreign investors have pulled out more than 4,300 crore rupees from Indian capital markets in the past five trading sessions due to muted quarterly earnings and fears of a possible rate hike by the US Federal Reserve. The move comes after Foreign Portfolio Investors FPIs inflow had hit a 7-month high in October. Prior to that, FPIs had made a net investment of 22,350 crore rupees last month, making it the highest investment by these investors since March, when they had poured in 20,723 crore rupees into Indian markets. Last week's US Fed Chairperson Janet Yellen had announcement that a December rate hike is very much on the table as the economy has performed well, has prompted investors to withdraw money.
News On AIR | November 8, 2015 12:31 PM
FPIs take out Rs 4300 crore in last five trading days