Foreign investors pull out over Rs 71000 crore since November
MUMBAI. Foreign investors have pulled out a whopping Rs 71,652 crore from Indian markets since November 2016 as demonetisation, the slowdown in the economy and the US policy changes prompted them to change their investment strategy.
After taking out Rs 66,507 crore in November and December, foreign investors have withdrawn Rs 5,145 crore from the capital market so far in January 2017.
Apart from concerns regarding “lower prospects” of economic growth as compared to other emerging markets, the change of guard in the US and the rising interest rates in the world’s largest economy also played a role in the FPI withdrawal, analysts said. Indian Express