‘Yielding good returns’: FIIs selling Indian equities due to profit booking, says Nirmala Sitharaman – The Times of India

‘Yielding good returns’: FIIs selling Indian equities due to profit booking, says Nirmala Sitharaman – The Times of India

NEW DELHI: Finance minister Nirmala Sitharaman on Monday dismissed concerns over the recent sell-off by foreign institutional investors (FIIs) in Indian equities, attributing it to profit booking.She claimed that investors are making strong returns in India, which naturally leads to periodic profit-taking.“FIIs also go out when they are able to or in a position to…

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