FPI selling resumes in March; financials, autos take the biggest hit

FPIs turned sellers again in March, offloading over $7 billion in equities, led by financials and autos, as rising crude prices, a weakening rupee and geopolitical tensions triggered a broader risk-off sentiment.

Foreign portfolio investors (FPIs) have resumed selling in Indian equities, with the latest round led by financial stocks amid rising global uncertainty.

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