FPIs pull out Rs 15,236 crore from equities in Jan as China reopens

Foreign investors pulled out a net amount of Rs 15,236 crore this month so far on attractive Chinese markets and concerns about the US economy entering a recession. However, foreign portfolio investors (FPIs) have turned buyers in the last four trading sessions.

The outflow in January came following a net inflow of Rs 11,119 crore in December and Rs 36,239 crore in November. Overall, FPIs pulled out Rs 1.21 trillion from the Indian equity markets in 2022 on aggressive rate hikes by the central banks globally, particularly the US Federal Reserve, volatile crude, rising commodity prices along with Russia and