FPI withdraws Rs 16.422 Crore from the equity market last week, will soon change the recovery: Analyst

Mumbai, September 28 (IANS). Foreign Institutional Investors (FIIs) withdrew Rs 16.422 Crore from equity last week. The reason is to make policy changes on US H-1B visas. The analyst gave the analyst on Sunday. Two important announcements were made last week by US President Donald Trump, including a $ 1.00,000 fee for new H-1B visa applications and 100 percent rates on brand medicine. The benchmark indices saw the fastest weekly fall in the benchmark indices due to continuous withdrawal of foreign investors. The analyst reported that the reason for this was the global uncertainty and poor performance of some sectors, with the sale of FPI. Dr. VK Vijaykumar, the main investment strategist at Geojit Financial Services, said investors in foreign portfolios have withdrawn $ 21 billion from India over the past year, which is the largest withdrawal in emerging markets during this period. “This FPI outflow has also played an important role in droping the 3.5 percent rupee against the dollar,” he said, high evaluation and slow revenue growth in India are the main reasons for withdrawing FPIs compared to other markets. ‘In the first three months of 2025, he was an FPI seller and became a buyer in the next three months. In July, August and September, he has become a seller again so far. He further said that the value of the Indian rupee further increased. market.