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FPIs pull out record Rs 1.1 trn in March, highest withdrawal ever

Terming the fund outflow as “unparalleled”, Himanshu Srivastava, senior analyst manager research, Morningstar India, said that with fear over the degree of impact that Covid-19 could leave on the global economy, foreign investors stormed out of the emerging markets, with India among the worst hit.

“The intensity of the situation could be gauged from the fact that even during the financial crisis of 2008, FPIs sold net assets worth $9.3 billion in the Indian markets while in March 2020, they have been net sellers to the tune of USD 16.5 billion,” he added.

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Covid-19 cases doubling every 4.1 days due to Jamaat incident, says Govt

a PTI tally of figures reported by states directly showed at least 106 deaths, while the number of confirmed cases had reached 3,624. Of the total, 284 have been cured and discharged.

Asserting that there was no evidence that COVID-19 was airborne, an ICMR official said, “We need to understand that in science whoever does experiments some will have a ‘for opinion and some against’ but we need to take a balanced, evidence-based approach.

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