News > FPIs take out Rs 14,800 cr from equities in June on poll results

FPIs take out Rs 14,800 cr from equities in June on poll results

09/06/2024 09:19 PM | Click to read full article

Influenced by the results of India's Lok Sabha election and the attractive valuations of Chinese stocks, this outflow follows a net withdrawal of Rs 25,586 crore in May and over Rs 8,700 crore in April. The shift is attributed to concerns over India's tax treaty with Mauritius and a sustained rise in US bond yields. Earlier this year, FPIs made a net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, while January saw a withdrawal of Rs 25,743 crore.

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