Overseas investors have pulled out nearly ₹48,000 crore from Indian capital markets in the first six months of 2018, making it the steepest outflow in a decade, following high crude oil prices and trade war worries.
The investors withdrew a net sum of ₹41,433 crore from the debt markets, besides, a net amount of ₹6,430 crore from equities during the January-June period of the year, taking the total outflow to ₹47,836 crore, latest update with depositories showed.
This was the biggest outflow since January-June 2008, when foreign portfolio investors (FPIs) had pulled out ₹24,758 crore from the capital markets — equity and debt.