FPI equity outflows rise post-Budget

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Published: July 12, 2019 3:32:07 AM

After being positive for 8 months, FPI equity flows turned negative in July — $611 million till the 10th — while debt flows stayed positive.

This may be due to the hike in FPI-tax in the Budget, but outflows took place even before the budget. This may be due to the hike in FPI-tax in the Budget, but outflows took place even before the budget.

After being positive for 8 months, FPI equity flows turned negative in July — $611 million till the 10th — while debt flows stayed positive.

This may be due to the hike in FPI-tax in the Budget, but outflows took place even before the budget. Watch this space!

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