Due to the weakening of the rupee, the increase in US bond yields, and the prospect of a weak earnings season, foreign portfolio investors (FPIs) have withdrawn Rs 64,156 crore (USD 7.44 billion) from the Indian equities markets so far this month. According to data from the depositories, this followed an investment of Rs 15,446…
The strength of the currency, rising US bond yields, and prospects of a dismal earnings season have caused foreign investors to withdraw Rs 44,396 crore from Indian stocks this month. According to data from the depositories, this followed an investment of Rs 15,446 crore in December. The change in attitude coincides with both internal and…
Due to dollar sales by both domestic and international institutions, the Indian rupee closed the day stronger on Wednesday, reaching its highest level in more than two weeks. The rupee closed at 83.0425 against the US dollar, down from 83.1050 the previous day. The local currency saw its biggest monthly growth since June 2023 in…
