Rise in global crude prices, depreciating rupee and rise in US interest rates prompted foreign portfolio investors (FPIs) to withdraw Rs 83,146 crore from Indian capital markets in 2018. FPIs withdrew Rs 33,553 crore from equities and Rs 49,593 crore from the debt market. FPIs had infused net inflows of Rs 2 lakh crore in 2017. According to analysts, fund flows from FPIs are expected to be volatile in 2019 due to uncertainty over outcome of general elections in May and signs of economic recovery. FPIs were net buyers of Indian equities for six consecutive years from 2012 to 2017.