Indian currency at 1-month high on FPI flows, weak dollar
After withdrawing funds in the last two months, foreign investors came back strongly in the first week of November and infused Rs 15,280 crore in Indian equities
The rupee settled at 82.44 per dollar on Friday versus 82.89 on Thursday
Cash market turnover fell almost 20% in October as rally take traders by surprise
Benchmark indices gained in 11 of the past 12 trading sessions
If not for inflows from India-dedicated funds, the FPI outflow tally in September would have crossed $2 billion.
'Domestic flows are showing signs of fatigue and may not enjoy the same momentum as in the recent past, especially in the backdrop of increasing global uncertainties'
Despite the positive flows, the allocation in IT at 10.7 per cent dropped for the fifth consecutive month and is the lowest since March 2018
Foreign investors have pumped in a little over Rs 51,200 crore into the Indian equity markets in August, making it the highest inflow in 20 months, amid improving risk sentiment and stabilisation in oil prices. This comes following a net investment of nearly Rs 5,000 crore by Foreign Portfolio Investors (FPIs) in July, data with depositories showed. FPIs had turned buyers for the first time in July after nine straight months of massive net outflows, which started in October last year. Between October 2021 till June 2022, they withdrew Rs 2.46 lakh crore from the Indian equity markets. India will continue to attract FPI flows this month too, although at a slower pace as compared to August, given continued rate hikes by the US Federal Reserve along with quantitative tightening, said Manish Jeloka, Co-head of Products and Solutions, Sanctum Wealth. Arpit Jain, Joint Managing Director at Arihant Capital Markets, said inflation, dollar prices and interest rate will dictate FPI ...
Foreign investors pump in Rs 51,000 cr; near-term flows to hinge on rupee, bond movements
The latest reading is well below this year's average of 20.7. Moreover, Monday's 8.8 per cent advance is only the 10th largest seen this year
As inflationary pressures unbind, corporate earnings growth will draw level, says Vinit Sambre, head-equities, DSP Investment Managers
The swing in favour of Indian equities comes after a brutal sell-off where FPIs sold equities worth Rs 2.56 trillion since October 2021
This is in sharp contrast to a net withdrawal of Rs 50,145 crore from the stock market seen in June
The RBI announced five measures on July 6 to further liberalise foreign exchange. The measures are aimed at creating a more enabling environment to attract dollars through banking deposits, ECB, FPI
In the past fortnight, the average daily selling by overseas funds has moderated to less than Rs 1,400 crore, compared with nearly Rs 3,500 crore in the preceding fortnight
India will soon come up with standards for shared-economy services players owing to the rising number of complaints from consumers
Between Jan-Nov 2021, equity funds saw net inflows of around Rs 71,600 cr, while FPIs remained net buyers to the tune of 24,143 cr
India is on cusp of complete Capital Account Convertibility. While this may lead to rise in FPI inflows, there are a few red flags the govt and RBI need to address. Let's look at those in this report
Barring shares of Dr Reddy's Labs, all constituents of the 30-pack index traded in the red