Foreign Portfolio Investors withdraw Rs 12,000 crore from equities in October; allocate Rs 5,700 crore in debt instruments.
Foreign portfolio investors (FPIs) have withdrawn more than Rs 12,000 crore from Indian equities this month due to a sustained increase in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict, according to data from depositories. However, FPI activity in Indian debt tells a different story, as they have invested over Rs…