FPIs’ selling spree continues in November at Rs 21,612 crore
Foreign investors pulled out Rs 21,612 crore ($2.56 billion) from Indian equity markets in November, primarily due to rising US bond yields, a stronger dollar and anticipated domestic economic slowdown.The outflow, whilst significant, was considerably lower than October’s substantial withdrawal of Rs 94,017 crore ( $ 11.2 billion).With the latest withdrawal, Foreign Portfolio Investors (FPIs)…