NEW DELHI: Foreign investors have pulled out over Rs 3,800 crore from the country's equity markets so far this month over concerns regarding "lower prospects" of economic growth as compared to other emerging markets.However, Foreign Portfolio Investors (FPIs) have invested a net sum of Rs 243 crore in the debt markets during the period under review.The latest FPI outflow took place following a withdrawal of close to Rs 31,000 crore on net basis from the equities in last three months (October-December). Prior to that, FPIs had put in Rs 10,443 crore in the stock markets. "Though the demonetisation decision is being praised by all economic experts, however, it is also being mentioned in the same breadth that benefits will accrue in medium to long term. "We do not see a major turnaround for the next two quarters and so, the first half of 2017 will remain subdued in terms of foreign capital flow. The uncertainties are expected to settle down and reforms will start counting in for the economy in the second half of 2017, accelerating the growth momentum," 5nance.com CEO Dinesh Rohira said.

Source: Economic Times January 15, 2017 05:51 UTC