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FPI outflows hit a record high, driven by valuation inconvenience and India’s high macroeconomic sensitivity to crude. They have been net sellers in Asia’s third-largest economy for nine consecutive months, the longest period in more than a decade. So far in June, FPIs have sold $5.1 billion in Indian equities.
ET Intelligence Group: Foreign portfolio investors (FPIs) have so far pulled $39 billion (close to Rs 3 lakh crore) from Indian equities through the stock exchange route in the nine months to June, show data from NSDL. His assets under management (AUM) fell 18.6% to $531 billion at the end of the first fortnight of June 2022, from $653 billion at the beginning of the year. FPI outflows hit record high
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