FPIs take out ₹25,586 crore from equities in May on poll jitters, attractive valuations in China
Whenever the U.S. 10-year bond yields rose above 4.5%, FPIs sold in emerging markets like India and moved money to bonds. | Photo Credit: S.R. Raghunathan Foreign investors pulled out a massive ₹25,586 crore from Indian equities in May due to uncertainty surrounding the outcome of general election and outperformance of Chinese markets. This was…