Indian economy gets yet another blow of US 5 billion dollars

Indian economy gets yet another blow of US 5 billion dollars

NEW DELHI - Indian economy gets a blow after the depreciation of the Indian Rupee.

Foreign investors have pulled out a massive US$ 5 billion from the Indian capital markets this month on concerns over rupee depreciation, global trade war tiff and rising crude prices, PTI has reported.

The latest outflow is higher than Rs 21,000 crore net withdrawals seen in entire September.

Prior to that, overseas investors had invested a net sum of Rs 7,400 crore in the capital markets (both equity and debt) in July-August.

According to the latest depository data, foreign portfolio investors link (FPIs) sold equities to the tune of Rs 24,186 crore during October 1-26 and bonds worth Rs 11,407crore, taking the total to Rs 35,593 crore (USD 4.8 billion).