|
|
|
FPIs turn net sellers, pull out Rs 740 cr so far in April
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 11 Apr, 2021
As resurgent Covid cases turn a cause a concern for both the global and
Indian markets, foreign portfolio investors (FPI) have pulled out net
investments worth Rs 740 crore from the Indian equity market.
This is a reversal from the bullish sentiments among the foreign investors over the past one year.
So
far in 2020, net FPI investments into the equity market have stood at
Rs 55,002 crore, with Rs 19,473 crore, Rs 25,787 crore and Rs 10,482
crore net investments in January, February and March.
The
sell-off in April comes amid the rising cases of Covid-19 and the
possibilities of partial localised lockdowns, which may bring a halt to
the reviving economic and business activities, market experts said.
Further,
weakening of the India rupee also has led to the outflow of foreign
funds. On Friday, depreciating for the fifth consecutive day, the Indian
rupee closed at 74.74 per dollar.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|