Prior to that, FPIs had invested over Rs 20,000 crore in the capital market. "FPI outflow for this month (January) may be attributed to relative lower prospects of growth in the Indian economy as compared to other emerging markets as well as developed countries," Bajaj Capital Group CEO and Director Anil Chopra said. "FPIs are pulling out money from both the debt and equity markets since the start of the year. There are three primary reasons to drive FPI capital back to the US. Trumponomics, demonetisation and expectations of GAAR have together led to a triple blow for FPI investments in India," 5nance.com Chief Executive Dinesh Rohira said.

Source: Economic Times January 29, 2017 06:31 UTC