So far in April, foreign investors have invested Rs. 929 crore withdrawn

Impact of increasing cases of corona in India

Foreign investors turned to South Korea, Taiwan

Rs. 740 crore, Rs 189 crore returned from the bond market

New Delhi: The second wave of Corona has had the biggest impact on the stock market. In fact, in some parts of the country, sanctions have been imposed to prevent the spread of the disease.

Foreign investors are also withdrawing money from the Indian market in the wake of increasing cases of corona. As of March, foreign portfolio investors (FPIs) had invested in the Indian market. On the other hand, FPIs have withdrawn money so far in April. FPIs have so far repaid Rs 929 crore in April.

Indian investors are also withdrawing from the Indian market in the wake of the possibility of an economic crisis amid rising cases of Corona transition. According to investor data, foreign investors withdrew Rs 740 crore from the stock market and Rs 189 crore from the bond market between April 1 and 9. That is a total investment of Rs 929 crore has been withdrawn.

Earlier, FPIs had invested Rs 173,045 crore in Indian markets in March, 2021, Rs 23,633 crore in February, 2021 and Rs 14,649 crore in January.

On the other hand, the Indian rupee is weakening against the dollar. In its monetary policy review, the RBI announced the purchase of government securities worth Rs 1 lakh in the first quarter of the current financial year. As a result, the rupee depreciated against the dollar. The rupee has appreciated from 72.4 to 74.8 against the dollar.