INSUBCONTINENT EXCLUSIVE:
Mumbai: This month, foreign portfolio investors have sold Indian stocks and bonds the most in two years after a declining rupee made US
assets more attractive, and rising global interest rates rendered the carry trade unviable.
Total bond and stock net sales by overseas funds
touched a high of Rs 31,984 crore so far this month, show data from National Securities Depository
Exits may quicken towards the year-end as funds compute performance bonuses for the year, dealers said
They sold a net of Rs 19,810 crore in equities, the largest monthly quantum this year
Khajuria, CFO, Federal Bank
If India demonstrates better performance on macroeconomic indicators like inflation, current account and fiscal deficit, those investors
decades ago, signaling a strong labour market and rising wages
Softer oil prices and a stable rupee should reverse the market trend, he said
High US yields are prompting dollar funds to return to US assets that carry no currency risks.
Emerging market currencies have turned
value will erase dollar returns, wild swings necessitate deploying a hedging mechanism, which global investors otherwise avoid in a stable
Although there are multiple metrics to determine real returns, one popular mode is the difference between one-year government Treasury Bills
bi-monthly monetary policy.
According to Marc Faber, a global market guru, tight monetary policies are good for the rupee, but not so good
