Foreign portfolio investors (FPIs) have continued their selling spree in November, offloading a significant Rs 21,612 crore worth of Indian assets. This trend comes as US bond yields have been on the rise, impacting global markets.
FPIs have been actively selling off their holdings in Indian markets, leading to significant outflows. The increase in US bond yields has caused concerns among investors, leading to a risk-off sentiment in the market.
The selling spree by FPIs has had a noticeable impact on Indian markets, with the benchmark indices experiencing volatility. The rise in US bond yields has also put pressure on emerging market currencies, including the Indian rupee.
Investors will be closely monitoring the developments in global markets, particularly the movements in US bond yields, to gauge the impact on Indian assets. The selling spree by FPIs is likely to continue in the near term, as uncertainties surrounding the global economy persist.