Mumbai, Feb. 17 -- The heavy selling by foreign investors could be a result of their investments in India delivering good returns and allowing for profit-booking, Union finance minister Nirmala Sitharaman said at a post-Budget media briefing on Monday.

The finance minister also said the government would continue to rationalise duties as part of its efforts to build an investor-friendly country-an important assertion in the backdrop of US President Donald Trump's proposed tariffs.

India's benchmarkNifty 50 and Sensex indices snapped an eight-day losing streak on Monday as sustained selling pressure had created opportunities for investors to capitalise on the market correction.

This year, up to 14 February, FPIs have been net sellers of ...