Why foreign investors withdraw ₹17,000 crore from Indian equities?
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Foreign investors have pulled out a substantial ₹17,000 crore from Indian equities in the first ten days of May. This withdrawal is attributed to the elections and the uncertainty surrounding its outcome. The figure surpasses the net withdrawal of ₹8,700 crore in April, which was influenced by concerns over changes in India's tax treaty with Mauritius, and a sustained rise in US bond yields.