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Rising dollar: FPI investment set to turn negative in September

Experts say EM market equities, currencies may remain weak unless there is positive news

Topics
Dollar rise | Rupee vs dollar | Foreign portfolio investment

Sundar Sethuraman  |  Thiruvananthapuram 

FPI, FDI, investment, funds
Experts said the rising dollar is a sign that investors have turned risk-averse

The spike in the dollar has taken some zing out of (EMs) in September. The dollar index, a gauge for the performance of the greenback against major global currencies, is hovering around its two-month low amid uncertainty over further stimulus measures in the US and rising Covid-19 cases worldwide.

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First Published: Tue, September 29 2020. 01:04 IST
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