Indian economy gets yet another blow of US 5 billion dollars

NEW DELHI – Indian economy gets a blow after the depreciation of the IndianRupee.

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

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

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

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