'Hot money' evaporates from Indian capital markets in 2018, outflow nears Rs 1 lakh crore - News Summed Up

'Hot money' evaporates from Indian capital markets in 2018, outflow nears Rs 1 lakh crore


As of now, the foreign portfolio investors (FPIs) have made a net withdrawal of about Rs 87,000 crore from the Indian markets with about a fortnight of trading remaining. "India also lost to emerging markets in terms of foreign money allocation given the lower valuations in other markets beginning of 2018. Before 2018, FPIs were net buyers of Indian equities for six consecutive years. They had made a net inflow of over Rs 51,000 crore in 2017, Rs 20,500 crore in 2016, Rs 17,800 crore in 2015, Rs 97,000 crore in 2014, Rs 1.13 lakh crore in 2013 and Rs 1.28 lakh crore in 2012. For the debt market, FPIs made a net withdrawal of over Rs 43,600 crore in 2016, but it turned around in a big way in 2017 with a net inflow of Rs 1.5 lakh crore.


Source: dna December 16, 2018 08:37 UTC



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