FPIs Take Out Rs 44,396 Crore From Equities In January Amid Weak Earnings Outlook, Rising Dollar

‘The principal reasons for the sustained FPIs selling are the strength of the dollar and the rising bond yields in the US. With the dollar index above 109 and the 10-year US bond yield above 4.6 per cent, it is logical for FPIs to sell in emerging markets, particularly in the most expensive…