Mumbai: Foreign Portfolio Investors (FPI) ended their shopping for spree in April as they pulled out net investments value Rs 9,659 crore from Indian equities through the month.
The reversal in pattern got here at a time when the surging Covid circumstances and the resultant lockdowns spooked investor sentiments.
The FPIs turned net sellers after a niche of 5 months. In September, FPIs pulled out net investments value Rs 7,783 crore.
Along with the second wave of Covid-19, weak point in the Indian rupee additionally led to the outflow of overseas funds final month, analysts mentioned.
The net FPI funding in 2020 now stands at Rs 46,083 crore, together with the net investments of Rs 19,473 crore, Rs 25,787 crore and Rs 10,482 crore in January, February and March, respectively.
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