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Over Rs 11k crores pulled out of India; over last five months

overseas investors withdrew a net amount of Rs 253 crore

With lure of other emerging markets, the foreign investors pulled out over Rs 11,000 crore from Indian stocks in February alone.

This is the largest outflow in five months time.

However, it is in contrast to the total inflow of Rs 13,781 crore by foreign portfolio investors (FPIs) in the Indian equity markets in January.

According to the latest data available with the depositories, the FPIs withdrew a net amount of Rs 11,037 crore from equities last month.

Besides, the overseas investors withdrew a net amount of Rs 253 crore from the debt markets during February 2018.

It is also being floated by many experts that since US inflation is hitting several years low, there is a possibility of a hike in the Fed rate resulting in a caution among FPIs.

Further, renewed concerns that a rebound in global crude oil prices will have an adverse impact on fiscal deficit too kept market participants cautious, it was informed.

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