facebook pixel
chevron_right Top
transparent transparent
FPIs pull out Rs 94 bn in September so far due to rupee fall, widening CAD
Foreign investors pulled out a massive Rs 94 billion ($1.3 billion) from the capital markets last fortnight, after putting in money during the previous two months, on widening current account deficit due to a surge in oil prices and depreciating rupee. The latest outflow comes following a net infusion of close to Rs 52 billion in the capital markets, both equity and debt, last month and Rs 23 million in August. Prior to that, overseas investors had pulled out over Rs 610 billion during April-June.
For the best experience use Awesummly app on your Android phone
Awesummly Chrome Extension Awesummly Android App