FPIs pull out Rs 196 billion in September; quantum of MF flows slows

FPI, according to analysts, have been more nervous as regards the debt market given the sliding rupee, fiscal and current account deficits.

Foreign portfolio investors (FPIs) have pulled out a combined Rs 196 billion from Indian debt and equity markets so far in September on concerns of widening current account deficit on the back of rising oil prices and sliding rupee and global trade wars.

According to the latest official data from NSDL, FPIs have withdrawn a net Rs 107.46 billion from the equity market and Rs 88.78 billion from debt between September 3 to September 26, taking the total amount withdrawn to Rs 196.24 billion ($2.7 billion), data show.

FPI, according to analysts, have been more nervous as regards the debt