FPIs in exit mode as weak hits returns

Rohit Srivastava, founder of IndiaCharts and Strike Money Analytics, agrees that weaker dollar returns have been the key reason for FPIs selling in the cash market since 2021.

- FPI

This doesn't include their investments in the primary market.

Data from Strike Money shows that FPIS sold shares on NSE's secondary market for almost three years to date on the trot. This includes ₹91,951 crore in 2021, Economists said predicting the course of the rupee remains a challenge, as many factors are likely to impact it around $30 billion into India's debt market over 10 months in FY25.

"There is likely to be some prepositioning by March before the inflows due to the

₹2.78 trillion in 2022 and 52,346 crore so far this year.