A trend reversal was witnessed in the debt segment in October from the big buying in the previous two months when FPIs had invested Rs 13,363 crore in September and Rs 14,376.2 crore in August. In October so far, they pulled out Rs 1,698 crore.
“This trend reversal in debt investment is due to the INR depreciation in October,” said VK Vijayakumar, chief investment strategist at Geojit Financial Services.
In equities, FPIs invested Rs 226 crore on a net basis.
“FPIs who were sellers in banking stocks in the first half of September turned buyers in the second half. But they…