FPIs offload ₹31,800 crore in financial stocks in March

Foreign Portfolio Investors dumped financial services stocks worth ₹31,831 crore between March 1 and 15, according to NSDL data. This reversal follows net buying in February. Reports suggest heightened global geopolitical tensions and a weakening rupee driven by rising crude oil prices triggered the outflows, marking the highest monthly outflow since January.