Foreign Portfolio investors (FPI) have pulled a net Rs 1,14,855.97 crore from Indian markets thus far in 2022,  due to rising inflationary fears and geopolitical tensions.

As per depositories' data, foreign portfolio investors (FPIs) sold domestic shares worth Rs 48,261.65 crore in March, bringing the year-to-date total in 2022 to a staggering Rs 1,14,855.97 crore.

Experts noted, FPIs left mostly due to inflationary pressures and worsening macroeconomic conditions worldwide as a result of the Russia-Ukraine conflict. This is the sixth month in a row that foreign investors have withdrawn their net holdings from the Indian equity market. FPIs are concerned that rising commodity prices will disproportionately hurt India, which is a significant importer of crude oil.

Foreign investors withdrew Rs 28,526.30 crore from Indian equities in January, Rs 38,068.02 crore in February, and Rs 48,261.65 crore in March, according to depositories' statistics.

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