Funds Cushion Biggest India Foreign Outflow in 10 Months: Chart

(Bloomberg) -- Foreign investors have been pulling out of India since Nov. 9. That was the day after two surprises: Donald Trump’s victory in the U.S election and India’s currency overhaul that’s sucked out 86 percent of the bills in circulation. Global funds have sold $1.9 billion of local shares this month, pushing the S&P BSE Sensex down 7 percent on the month, while domestic institutional investors have bought the most since August 2015.

To contact the reporter on this story: Ravil Shirodkar in Mumbai at rshirodkar@bloomberg.net. To contact the editors responsible for this story: Jeff Sutherland at jsutherlan13@bloomberg.net, Ravil Shirodkar, Jake Ulick