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FPIs withdraw Rs 7,443 crore from Indian equities in early September

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Foreign portfolio investors turned net sellers in early September, pulling out Rs 7,443 crore from Indian equities after two consecutive months of net inflows. Rising crude oil prices and persistently high US bond yields were the primary factors behind the reversal in sentiment. Foreign investors also continued offloading holdings in the Indian debt market during this period. Analysts suggest that future FPI activity will largely depend on global cues, including trends in bond yields and inflation data.

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