FPI outflow hits five-month high of Rs 110 billion in February

Foreign investors pulled out over Rs 110 billion from Indian stocks in February, making it the largest outflow in five months, primarily due to better opportunities in other emerging markets.

This is against the total inflow of Rs 137.81 billion by foreign portfolio investors (FPIs) in the Indian equity markets in January.

"FPIs have pulled out of the Indian markets as they seem to be favouring other emerging markets like Brazil. Besides, global cues could be another reason for the outflow," NSE Managing Director and CEO Vikram Limaye said.

According to the latest data available with the depositories, the FPIs withdrew a net