Rupee resilient despite FII outflows, India’s contribution to world market cap grows ...Middle East

Mumbai: India’s strong macroeconomic fundamentals — robust GDP growth, controlled inflation, managed twin deficits and record foreign reserves — have kept the rupee resilient despite foreign institutional investor (FII) outflows, a report showed on Wednesday. Most of the emerging markets have experienced FII outflows during October amid uncertainty around US election, geopolitical tensions in middle east, stimulus announcement by China and rise in US yields. According to the report by Motilal Oswal Private Wealth (MOPW), in India, these outflows were exacerbated by the ongoing result season that failed to justify valuations. Correction was more pronounced in sectors that saw sharp rally in

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Rupee resilient despite FII outflows, India’s contribution to world market cap grows ...Middle East

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