fpi: FPIs sell Indian finance stocks to meet redemption pressure

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According to analysts tracking fund flows, the outflow is primarily led by redemption pressure on emerging market funds due to the exclusion of Russia from the EM index.

Synopsis

​​Overseas investors, which constitute about one-fifth of India’s total market capitalization, sold Indian equities worth $ 8.4 billion (Rs 64,000 crore) between February 15 and March 15, 2022. This was bigger than the outflow of $ 8.3 billion in March 2020.

ET Intelligence Group: Foreign portfolio investors (FPIs) sold $3.7 billion (₹28,000 crore) of Indian financial services stocks over the past month accounting for nearly 45% of their total outflow, data from NSDL show. Overseas investors, who constitute about one-fifth of India’s total market capitalization, sold Indian equities worth $8.4 billion (₹64,000 crore) between February 15 and March 15, 2022. This was bigger than the outflow of $8.3

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