How was the FPI action in the month of April 2022?
Answer
Answer
The selling spree by FPIs continued in April as they net sold equities worth Rs.17,144 crore and Rs.22,500 crore including debt and hybrids. FPIs are wary ahead of the of the 04th May Fed meet and the LIC IPO. FPIs are apprehensive that aggressive rate hikes in the US could result in risk-off flows out of India. Valuation concerns are still high after Q4 results.