India sees worst outflow of FIIs/FPIs in 18 years -Furquan Moharkan

-Deccan Herald

For the first time in 18 years, the country has witnessed a record withdrawal of foreign investors from the Indian equity and debt markets.

Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) have pulled out a record Rs 51,591 crore from the Indian markets in less than nine months of this year amid concerns over a slide in rupee value against the dollar.

Earlier in 2008, the FIIs had sold a net amount of Rs 41,216 crore from Indian markets when the country suffered the after-effects of a financial crisis triggered by the collapse of Lehman Brothers in the US.

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