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FPIs pull out Rs 9,103 cr in April as Covid-19 triggers rush to safe havens

In the previous month, FPIs had withdrawn a record amount of over Rs 1.1 trillion on a net basis from the Indian markets

FPIs
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The capital outflow in March was the highest withdrawal ever since FPI data has been made available on National Securities Depository

Press Trust of India New Delhi

Overseas investors have pulled out a net Rs 9,103 crore from the Indian markets in April so far as the Covid-19 crisis triggered a return to safe haven assets like gold and dollar-denominated securities.

According to the latest depositories data, foreign portfolio investors (FPI) withdrew a net sum of Rs 2,951 crore from equities and Rs 6,152 crore from the debt segment between April 1-9. The total net outflow stood at Rs 9,103 crore.

In the previous month, FPIs had withdrawn a record amount of over Rs 1.1 trillion on a net basis from the Indian markets (both equity and debt).

The capital