Author: Anushka Joshi

Foreign portfolio investors continued their selling spree, withdrawing 2.2 lakh billion rupees from the Indian equity market in the first half of 2022. Continuing their hefty selling spree for the ninth month in a row, foreign investors withdrew around 50,203 crores from the Indian equity market in June. Foreign portfolio investors (FPIs) have now withdrawn around Rs 2.2 lakh crore from the domestic market in the first six months of 2022. This represents the highest-ever net withdrawal by them and comes amid an aggressive spike in inflation and a continuous rise in rates by the US federal. This was the…