FPIs withdraw Rs 85,790 cr from Indian equities in Oct

Foreign investors have continued selling in the Indian market, pulling out a massive Rs 85,790 crore (around $10.2 billion) from equities this month due to Chinese stimulus measures, attractive stock valuations, and the elevated pricing of domestic equities. Illustration: Dominic Xavier/Rediff.com October is turning into the worst-ever month in terms of foreign fund outflows. In  March 2020, FPIs withdrew Rs 61,973 crore from equities. The latest outflow came after a nine-month high ...