FPI selling surges: August net FDI turns negative; inflows drop to $6.0 bn after four-year peak

India experienced a significant drop in FDI in August, with net outflows of $616 million due to increased foreign company repatriations. This led to the rupee breaching 88 against the dollar, prompting RBI intervention. Meanwhile, outward remittances under LRS rose, driven by travel and education spending.