New Delhi: Foreign Portfolio Investors (FPIs) have withdrawn over Rs 1 lakh crore from domestic capital markets so far in March, fearing a global economic slowdown due to the corona virus outbreak.
Experts believe that foreign investors are withdrawing from risky assets and investing in safe investments like dollars and gold.
According to depository data, FPIs have withdrawn Rs 56,247.53 crore from equities and Rs 52,449.48 crore from bonds during March 2 to 20. In this way they have made a net withdrawal of a total of Rs 1,08,697.01 crore. Earlier, from September 2019, FPIs were continuously pure buying.
