Foreign outflows from Indian stocks hit 6-month high in September on higher oil, yields
Foreign portfolio investors saw a notable outflow of $2.7 billion from Indian equities in September, marking the most significant withdrawal in the past six months. This trend has been driven by escalating oil prices and a tightening of global monetary policies. The rise in crude prices is straining India's current account and inflation expectations, which is...
Key Takeaways
- Foreign portfolio investors saw a notable outflow of $2.7 billion from Indian equities in September, marking the most significant withdrawal in the past six months.
- This trend has been driven by escalating oil prices and a tightening of global monetary policies.
- The rise in crude prices is straining India's current account and inflation expectations, which is weighing heavily on the rupee.
Foreign portfolio investors saw a notable outflow of $2.7 billion from Indian equities in September, marking the most significant withdrawal in the past six months. This trend has been driven by escalating oil prices and a tightening of global monetary policies. The rise in crude prices is straining India's current account and inflation expectations, which is weighing heavily on the rupee.
Original Publisher Attribution
This summary was curated from Economic Times.