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₹10,347 crore from capital markets in April so far

city New Delhi India covid-19 pandemic economy Coronavirus
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NEW DELHI : Remaining risk-averse amid the coronavirus pandemic, overseas investors have withdrawn net ₹10,347 crore from Indian capital markets in April so far.

Between April 1-24, foreign portfolio investors (FPI) pulled out a net sum of ₹6,822 crore from equities and ₹3,525 crore from the debt segment, depositories data showed.

The total net outflow stood at ₹10,347 crore. However, the quantum of outflows has reduced from March, when FPIs had withdrawn a record ₹1.1 lakh crore on net basis from Indian markets (both equity and debt). "The sharp drop in the quantum of net flows could be attributed to India gaining prominence among foreign investors for doing well with regards to containing the COVID-19 pandemic from spreading

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