Amid heightening geopolitical tensions between Russia and Ukraine and inflation concerns, foreign investors have pulled out a net Rs 1,14,855.97 crore from the Indian markets in the current year till now.
According to depositories data, the foreign portfolio investors (FPI)have sold domestic equities amounting to Rs 48,261.65 crore so far n the month of March, taking the year-to-date rally this year to Rs 1,14,855.97 crore. Experts believe that the foreign investors are mainly offloading their holding in the Indian equity market owing to inflationary concerns and deepening global macroeconomic conditions following the Russia – Ukraine war. FPIs believe that India is a major importer of crude, thus it will be adversely be impacted by commodity price hikes.
Foreign investors pulled out Rs 28,526.30 crore from the Indian equity market in January, followed by Rs 38,068.02 crore in February and Rs 48,261.65 crore in March so far. Inflationary pressure and the worsening geopolitical situation between Ukraine and Russia have forced foreign investors to pull out their investment.
