FPI profile: Foreign investors stay on selling spree, pull out record Rs 1.14 lakh cr in March amid Middle East tensions
Indian equity markets in March saw foreign investors pulling out Rs 1.14 lakh crore, making it the highest monthly outflow on record. The sharp withdrawal has been largely attributed to rising tensions in the Middle East, pressure on rupee, and growing concerns over how elevated crude oil prices could weigh on the country’s growth.With just…