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India-focused offshore funds and exchange-traded funds (ETFs) skilled a web outflow of $1.28 billion within the three months ended March 2022, making it the sixteenth consecutive quarter of withdrawal, based on a Morningstar report launched on Monday.
This was means increased than the online outflow of $435 million registered in the course of the December 2021 quarter.
Escalation in geopolitical tensions as a result of battle between Russia and Ukraine, hikes in rates of interest by the US Fed together with its hawkish steering, unstable crude costs, and surging inflation globally, amongst different causes, prompted traders to show risk-averse in the course of the quarter underneath evaluate, the report famous.
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