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HinduBusinessLine

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FPIs turn net sellers after week-long volatility, exit with $1.02 billion despite RBI rate cut 

  • Foreign Portfolio Investors (FPIs) turned net sellers with a total exit of $1.02 billion despite a volatile week in the market.
  • The selling pressure peaked in the first three trading days, with the largest single-day net outflow of ₹18,241.87 crore on June 2.
  • Renewed US-China trade tensions and rising US bond yields contributed to the bearish sentiment, leading to initial outflows of $1.22 billion.
  • FPIs showed marginally positive trends on June 6 following the RBI's repo rate cut, aiming to bolster investor confidence amidst global uncertainties.

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