Foreign investors have pulled out Rs 48,056 crore from Indian equities in October so far, driven by rising crude oil prices, Middle East tensions, inflation worries, and weak corporate earnings. The selling pressure has eased slightly, with Foreign Portfolio Investors (FPIs) turning net buyers on two trading days last week.
The latest outflows follow a net withdrawal of Rs 35,861 crore in September. In contrast, FPIs had invested Rs 20,200 crore in July and Rs 29,631 crore in August, according to data from the Central Depository Services Ltd (CDSL).