FPIs Dump Equities, Debt Of More Than 
14,000 Crore In May
NEW DELHI: Overseas investors have pulled out more than Rs 14,000 crore ($2.3 billion) from the Indian capital markets since the beginning of the month amid continued taxation worries.
The debt market has seen steeper outflows than equities.
During January to April, investment by foreign portfolio investors (FPIs) totalled Rs 94,241 crore, but month-on-month analysis showed the fund flows are on a decline.
FPI investments in January this year stood at Rs 33,688 crore, before dropping to Rs 24,564 crore in February, Rs 20,723 crore in March and Rs 15,266 crore in April.
However, in May things took a turn for the worse as FPIs withdrew an estimated Rs 14,674 crore (USD 2.3 billion) during the month so far, according to the latest data from depositories.
This included an outflow of Rs 5,867 crore from the equities and another Rs 8,807 crore from the debt markets.
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