FPIs pull out a record $39 billion in nine months | Economic Times

FPIs pull out a record $39 billion in nine months https://ift.tt/IbFV03D FPI outflow has reached a record high driven by the valuation discomfort and India’s high macroeconomic sensitivity to crude oil. They have been the net sellers in Asia’s third-largest economy for nine months in a row, the longest duration in more than a decade. In June so far, FPIs have sold $5.1 billion of Indian equities.