FPIs continue sell-off, pull out USD 900 mn in Sept quarter

FPIs adopted a cautious stance towards India and other emerging markets from the start of the quarter.

FPIs declare quit India movement

FPI outflows intensified in September with net equity outflows of $1.3 billon.

Foreign investors pull out over $4 billion in 3 weeks.

FPIs have pulled out over Rs 30,000 crore from equities and nearly Rs 57,000 crore from the debt markets.

FPIs have been net sellers almost throughout this calendar year except a couple of months.

Finance Minister Arun Jaitley in his 2017-18 Budget Speech had said a common application form for FPIs would be devised.

Since April RBI has sold $21 billion in spot and $10 billion in forwards, according to traders.

Kroll’s Global Fraud Report said India has seen a significant increase in frauds since last year.

Foreign portfolio investors pumped in Rs 2,235 crore in the equity markets during July 2-6.

The exit by foreign investors was triggered by the double whammy of rising crude prices and uncertain future for global trade.