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$1-bn outflows: FPIs turn wary of India on worsening coronavirus crisis

Covid-19, US yields, dollar to weigh on equity flows in the near term

Topics
Foreign Portfolio Investors | FPI outflow | Lockdown

Samie Modak & Anup Roy  |  Mumbai 

FPI, foreign investments, investors, FDI, funding, growth, market
So far this month, FPIs have sold shares worth $1.09 billion. If the pace of outflows continues, April could record the highest monthly outflows since March 2020

After the record-breaking equity inflows in the last financial year (FY21), (FPI) are scaling back their exposure to India amid the rising US bond yields and worsening crisis.

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First Published: Wed, April 21 2021. 06:10 IST
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