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Beyond the geopolitical crisis, inflationary pressure, dollar strengthening, and monetary policy tightening scenario, what is difficult to comprehend is the outflow of foreign institutional investors (FIIs). As Sensex breaks below 72,100, FIIs have exited over $40 billion from the market. Will the trend continue?
The Indian rupee fell to its lowest point in over two months due to equity outflows. Traders are focusing on the Reserve Bank of Indias upcoming monetary policy decision. Analysts expect a 25 basis point hike, which could strengthen the rupee. Dollar sales from state-run banks have limited the currency
Domestic indices surged on 5 October, with the Nifty 50 up 0.60%, fueled by lower crude prices and softer US jobs data. Analysts remain sceptical that this marks a sustained recovery, citing risks posed by high bond yields and continued foreign selling.