MarketsForeign Investors See Worst India Asset Value Rout At $85 Billion In October
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Foreign Investors See Worst India Asset Value Rout At $85 Billion In October
Foreign investors which began the month with assets under management of $930.5 billion ended the month with assets at $845.30 billion, according to data on NSDL and collated by NDTV Profit.
The maximum rout in asset value was seen in the oil and gas sector, which saw its value fall by $27.90 billion in just a month led by Reliance Industries. (Photo source: Unsplash)
Foreign portfolio investors saw the worst ever outflows from their assets in India in October. Assets under management for foreign investors fell by over $85 billion in October, as the month saw investors sell every day. Foreign investors which began the month with assets under management of $930.5 billion ended the month with assets at $845.30 billion, according to data on NSDL collated by NDTV Profit.Foreign investors have been net...