FPIs net outflow at $ 3bn in 2016

Mon 09 Jan 2017, 10:35:42
Foreign funds pulled out more than 3 billion dollars, from the Indian capital markets in 2016, making it the worst period in last eight years in terms of foreign investments. Surprisingly, it is the debt instruments that have taken the biggest hit, after remaining a preferred investment avenue for foreign funds in recent years, while equities continued to attract net inflows but not enough to compensate the huge outflows from the bond market. 
Foreign Portfolio Investors have purchased stocks worth about 20,566 crore rupees, in 2016, but sold bonds to the tune of more than 43,646 crore rupees, resulting in net outflows of 23,080 crore rupees, according to depositories data.
The overall net outflow has made 2016 the worst year for Indian capital markets in terms of overseas investment since 2008, when Foreign Portfolio Investors had pulled out a massive 41,215 crore rupees in the wake of the global financial crisis.

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