FPIs extend selloff in April; pull out Rs 19,837 crore in just 2 sessions
Why it matters: FPIs withdrew Rs 19,837 crore from Indian equities in two days, impacting the market.
- Foreign Portfolio Investors (FPIs) pulled out Rs 19,837 crore (USD 2.1 billion) from Indian equities in the first two trading sessions of April.
- The West Asia conflict is a significant factor contributing to the FPI selloff.
- Rising crude oil prices are also weighing on investor sentiment, prompting withdrawals.
- Persistent rupee depreciation further contributes to the foreign investor exit from Indian markets.
Foreign Portfolio Investors (FPIs) have intensified their selloff in Indian equities, withdrawing a significant Rs 19,837 crore (USD 2.1 billion) in just the first two trading sessions of April. This accelerated exit is primarily driven by escalating conflict in West Asia, a surge in crude oil prices, and the ongoing depreciation of the Indian rupee.
