FPIs have so far withdrawn Rs 48,261.65 crore from the Indian stock markets in the month of March.
FPI: Foreign portfolio investors (FPIs) have withdrawn Rs 1,14,855.97 crore from the Indian markets so far this year. At the same time, talking about this month, FPI has so far withdrawn Rs 48,261.65 crore from the Indian stock markets. Foreign investors continue to be sellers in the Indian markets amid geo-political tensions and inflation concerns. According to the depository data, till date, the figure of foreign investor withdrawal in 2022 has reached Rs 1,14,855.97 crore. This is the sixth consecutive month that foreign investors have made net withdrawals from the Indian stock markets.
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What do experts say
- Experts say that due to the pressure of macro-economic conditions and inflation at the global level due to the Russia-Ukraine war, foreign investors are withdrawing from the Indian markets.
- Shibani Kurian, Senior EVP and Head (Equity Research), Kotak Mahindra Asset Management Company, said, “The direct impact of the Russia-Ukraine war on the Indian economy is very limited, as we do not depend on imports from these countries. However, higher commodity prices are creating challenges.
- Kurien further said that India is a net importer of crude oil. It is estimated that a 10 per cent jump in crude oil prices will impact the current account deficit (CAD) by 0.3 per cent, CPI-based inflation by 0.4 per cent and gross domestic product (GDP) by 0.2 per cent.
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This year so much withdrawal happened in different months
According to depository data, FPIs pulled out Rs 28,526.30 crore from Indian stock markets in January. His withdrawal in February was Rs 38,068.02 crore. At the same time, so far in March, he has sold Rs 48,261.65 crore.
(Input-PTI)
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