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FPIs continue to exit, offload Rs 9K cr in August

However, analysts are of the opinion that the trend may reverse provided the government addresses the tax concerns of overseas investors

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Foreign institutional investors remained net sellers in the domestic equity market, pulling out Rs 9,197 crore in just seven trading sessions in August due to sluggish domestic and global factors. 

According to data, foreign portfolio investors (FPIs) offloaded Rs 11,134.60 from equities while pumping in Rs 1,937.54 into the debt segment during August 1-9, taking the total net withdrawal to Rs 9,197.06 crore.

However, analysts are of the opinion that the trend may reverse provided the government addresses the tax concerns of overseas investors.

In the month of July, FPIs were net sellers in the Indian capital markets (equity and debt) to the tune of Rs 2,985.88 crore.

Overseas investors have been on a selling spree ever since higher tax on FPIs registered as trusts and association of persons was announced in the Union Budget for 2019-20, experts said.

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