FPI outflows gather pace as rising dollar, oil add to worries

Foreign Portfolio Investors have been sellers in nine out of the 11 previous trading sessions since June 16 after the US dollar index firmed , when the US Fed signalled a rate hike could happen as early as 2023.. Their net outflow in this period was only over Rs 250 crore but that was on account of bulk deal inflows into select stocks on two days. But for these purchases, the FPI sales figures would have been much higher.

via Economictimes

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