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FPIs remain net sellers for third month in May, pull out Rs 7,366 crore

Prior to this, FPIs had net withdrawn a record Rs 1.1 trillion in March and Rs 15,403 crore in April

The stimulus package announced by China and the optimism around the US-China trade agreement has further bolstered FPI sentiment towards emerging markets (EMs) as a whole
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FPIs infused a net Rs 14,569 crore into equities but pulled out a net Rs 21,935 crore from the debt segment

Agencies
Overseas investors remained net sellers for the third consecutive month in May, pulling out Rs 7,366 crore from the Indian capital markets as they stayed risk averse amid the Covid-19 crisis.

As per depositories data, foreign portfolio investors (FPIs) infused a net Rs 14,569 crore into equities but pulled out a net Rs 21,935 crore from the debt segment between May 1-29, news agency PTI reported.

This translates into a cumulative net outflow of Rs 7,366 crore in May.

Prior to this, FPIs had net withdrawn a record Rs 1.1 trillion in March and Rs 15,403 crore in April.

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First Published: May 31 2020 | 12:20 PM IST

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