Home›Commodities›Energy›Foreign investors withdraw $3.2 billion from Indian st…

Foreign investors withdraw $3.2 billion from Indian stocks and bonds

The outflows were linked to a renewed oil rally, with Brent moving back above $100 per barrel.

Reported · Written up by our desk · Energy

Foreign investors have pulled $3.2 billion from India’s stock and bond markets, with the selling reaching the highest pace since March, according to OilPrice.

The outlet linked the move to a renewed rally in oil prices, with Brent rising back above $100 per barrel.

OilPrice noted that after the heaviest outflows in March, when geopolitical tensions and an oil supply crunch hit Asian assets, India’s markets returned to booking inflows in April, May, and June.

The story also highlights that the oil rebound has coincided with renewed pressure on cross border capital flows into India.

Latest closeBrent $98.85 ▼5.2%

More like this

Sources