FPIs sell Indian equities worth ₹5,294 crore in February
The foreign portfolio investors (FPIs) have offloaded equities to the tune of ₹5,294 crore for a second consecutive month in February.
Source: livemint.com
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FPIs outflow over ₹15,200 cr in Indian equities so far in Jan; sells big in financials, IT stocks
FPIs have emerged as big sellers in stocks of financials, IT, and telecom baskets. While metals and mining are among the favorites. FPIs' selloff is likely due to their positioning in cheaper markets in Asia and hence pullback in expensive Indian equities.
Source: livemint.com
Rupee may hover near 81 against dollar in the coming week
On the back of the strong greenback, stubborn offloading of risker assets by overseas investors, and fear of global recession amidst inflationary pressure, monetary policy tightening, and geopolitical tensions - the rupee has stayed vulnerable against the American currency.
Source: livemint.com