FPIs' net outflow from equities at Rs 7,300-crore in Dec so far

According to recently released data, India's fiscal deficit rose to 96.1 per cent of the full-year target by the end of October

Overseas investors have pulled out a massive Rs 7,300 crore from the country’s stock markets this month so far, primarily due to rising crude prices and widening fiscal deficit.
 

This comes following an eight-month high inflow of Rs 19,728 crore in November, mainly on account of the government’s plan to recapitalise PSU banks and surge in India’s ranking on the World Bank’s ease of doing business list.

This also marked the highest net investment by Foreign Portfolio Investors (FPIs) since March, when they had poured in Rs 30,906 crore in the equity markets.
 

According to the depositories data, FPIs withdrew a