FPIs invest ₹8,600 crore in September; investment rate slows

According to data from depositories, Foreign Portfolio Investors (FPIs) have invested ₹8,638 crore of equity in India in September so far, amid Indian rupee's decline. Investors had invested over ₹51,000 crore last month. Fears of recession, further rate hikes by the US Federal Reserve and tensions in Russia and Ukraine were seen as reasons behind the decline.