FPIs withdraw Rs 4,285 cr in 3 trading sessions amid high valuations, global headwinds

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“FPIs are likely to continue selling as long as the dollar remains strong and US bond yields offer attractive returns. The dollar index at around 109 and the 10-year bond yield above 4.5 per cent are significant deterrents to FPI flows,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.

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