Tuesday, June 28, 2022
IndiaForeign investors withdraw Rs.1.14 lakh crore from Indian market

Foreign investors withdraw Rs.1.14 lakh crore from Indian market

Investors withdraw investment from the Indian market due to rising global political tensions and inflation.

It has been revealed that foreign investors have withdrawn Rs.14,855 crore per lakh rupees from the Indian stock market by 2022 so far.

Foreign investors have sold shares worth Rs.48,261 crore in the domestic market this month alone. As a result, they have so far sold shares worth Rs.14,855 crore so far this year.

Foreign investors withdrew Rs.28,526 crore from the stock market in January 2022, Rs.38,68 crore in February and Rs.48,261 crore in March. For the 6th consecutive month, foreign investors have been recouping their investment.

Kotak Mahindra Stock Exchange analyst Shibani Kurian said, “The direct impact of the Ukraine-Russia war on the Indian economy is minimal. The direct impact is minimal as we do not rely heavily on imports from either country.

But when Russia raises crude oil prices due to the Ukraine war, India will be hard hit. This is because India supplies about 80 per cent of its crude oil demand through imports.

So when the price of crude oil goes up, the prices of all commodities go up, inflation goes up and India has to spend more on imports. As this put pressure on the economy, investors withdrew their investment.

When the price of crude oil rises by 10 percent, its impact will rise to 30 points on inflation. The current deficit will be up to 30 points. That is why investors are cautious. “

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Updated on June 28, 2022 2:53 pm

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