FIIs selling Indian equities to book profits: FM

Seeking to assuage concerns over foreign institutional investors (FII) selling Indian equities lately, Finance Minister Nirmala Sitharaman on Monday attributed the action to profit booking.

- Press Trust of India

MUMBAI:

Speaking to reporters in the financial capital, Sitharaman said the Indian economy is one where the investors are bagging better returns which leads to profit booking.

"FIIs also go out when they are able to or in a position to book profits. Indian market today, Indian economy today, has an environment in which investments are also yielding good returns and profit booking is also happening," she said.