Foreign portfolio investors (FPIs) continue to withdraw investment withdrawal from Indian stock markets. Foreign investors have withdrawn more than Rs 7,300 crore from the local stock markets in the first week of the current month due to the US imposition of fee on countries like Canada, Mexico and China. Earlier in January, FPI had withdrawn Rs 78,027 crore from Indian markets.
According to depository data, in December 2024, FPI invested Rs 15,446 crore in Indian markets. Experts believe that the perception of the market will later be determined by global large economic developments, domestic policy measures and currency fluctuations.
According to the data, FPI has withdrawn Rs 7,342 crore from Indian shares till 7 February this month. Himanshu Srivastava, assistant director of Morningstar Investment Research India, said that one of the major causes of FPI withdrawal was global trade tension, as the US has imposed a charge on countries such as Canada, Mexico and China.
First Published – February 9, 2025 | 10:46 pm IST
(Business Standard Staff has changed the headline and photo of this report, the rest of the news has been published without any change from a common news source.)