New Delhi: Foreign portfolio investors (FPIs) have infused a net Rs 13,667 crore into the Indian markets so far in June. Indian markets remain attractive to foreign investors. However, this week FPIs pulled out from the Indian stock markets. According to depository data, FPIs poured Rs 15,312 crore into equities from June 1 to 18. During this, he withdrew Rs 1,645 crore from the loan or bond market. In this way his net investment stood at Rs 13,667 crore.
Earlier, FPIs had withdrawn Rs 2,666 crore in May and Rs 9,435 crore in April.
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Grow co-founder Harsh Jain said that the US Federal Reserve has indicated that it will start raising interest rates from 2023. This led to a sell-off on a global scale. For this reason, some withdrawals were also seen from Indian stocks.
