FPIs take out Rs 9,800cr as US bond yields, geopolitical tensions rise
Foreign investors have withdrawn around Rs 9,800 crore from Indian equities this month due to rising US bond yields and the uncertain environment caused by the Israel-Hamas conflict. Foreign Portfolio Investors (FPIs) were net sellers in September, pulling out Rs 14,767 crore. Prior to this, FPIs had been consistently buying Indian equities between March and August, bringing in Rs 1.74 lakh crore.
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