 "Rupee set for best Q1 since 1975 as funds pour in $12 billion")
Foreign investors gorging on Indian stocks and bonds have put the rupee on course for its best first-quarter performance since 1975. The currency, Asia’s best performer this month, has rallied 4.7 per cent since December 31, as a thumping win for Prime Minister Narendra Modi’s party in state elections boosted bets for continuation of the government’s reform agenda, luring overseas funds. The Reserve Bank of India’s (RBI’s) intervention in currency markets may intensify if inflows rise, according to Standard Chartered Plc.
“Change in sentiment toward India after the state elections and high real rates have attracted large portfolio flows
“Change in sentiment toward India after the state elections and high real rates have attracted large portfolio flows
