The outflow comes following a net inflow of Rs 20,232 crore in the preceding month
Foreign Portfolio Investors (FPIs) have pumped in just Rs 180 crore in the stock markets during the period under review
Market experts attributed the inflow to RBI's surprise decision to cut policy rate by 0.25 percent to 6.25 percent
Sebi board on Friday allowed FPIs to trade directly in corporate bonds without going through a domestic broker
Recommendations about foreign investment are belated but welcome. The regulator must now complement them with a clean-up of the complex regulatory edifice that is vulnerable to frequent ad-hoc changes
FPIs For Tweaking Definition of Broad-Based Funds Among Other Issues
Latest infusion comes on top of a whopping inflow of Rs 25,904 in the preceding two months
FPI holdings in BSE-200 index stood at $291 billion in the January-March quarter of 2016
However, holding of FPIs declined in 13 other blue-chips in first quarter of current fiscal
It follows a staggering inflow of more than Rs 32,000 cr during March-May
It comes following a staggering inflow of more than Rs 32,000 crore in the preceding three months (March-May)
Hopes of good monsoon, positive macroeconomic data drive flows
FPIs, however, pumped in Rs 769 cr in debt markets during period under review
There are no maturity-driven restrictions on the bonds that Indian residents may invest in. The same principle must be applied to foreign portfolio investors in rupee-denominated debt
This follows a staggering inflow of Rs 19,967 cr in equities and debt last month