Business

FPIs Selloff At Slow Pace; Pull Out Rs 1,586 Crore From Equities In October

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“Expectation of further and aggressive rate hikes by the U.S. Fed, depreciating rupee, fears of a recession and continuation of conflict between Russia and Ukraine would continue to have a negative impact on foreign flows into Indian equities. This scenario has created an environment of uncertainty leading investors to turn risk averse,” Himanshu Srivastava, Associate Director – Manager Research, Morningstar India, said.



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