Why FPIs have pulled out USD 2 billion from capital markets
Overseas investors have pulled out a massive Rs 15,365 crore (USD 2.1 billion) from the capital markets so far in September, after putting in funds during the previous two months, on widening current account deficit coupled with global trade tensions.
FPIs have pulled out over Rs 9,200 crore from equities and Rs 46,510 crore from the debt markets. Image Source: Reuters