FPIs pull $2.7 billion from Indian equities in September
In short
Foreign portfolio investors pulled $2.7 billion out of Indian equities in September.
That was the biggest withdrawal in six months. The reporting says high oil prices and tighter global policy were the main reasons, but it does not say how much more selling may follow.
What the reporting says
Foreign portfolio investors withdrew $2.7 billion from Indian equities in September, the largest outflow in six months. The reporting says higher oil prices and tighter global monetary policy drove the move, while rising crude also strained India's current account and inflation expectations and weighed on the rupee. The exact split by sector or whether the selling continued after September was not stated.
Why it matters
Foreign portfolio investors withdrew $2.7 billion from Indian equities in September, the biggest outflow in six months. The reporting links the move to higher oil prices and tighter global monetary policy. It also says crude is pressuring India's current account, inflation expectations, and the rupee. The exact market-wide follow-through beyond September is not stated.