2 months ago

Markets with Bertie: The returns handicap is adding to FII selloff

Last week, Bertie attended a pre-budget gathering of business and market types. “Hey Mick, good to see you in Mumbai my friend,” said Bertie. “Yes, money is flowing back to the US as the data shows,” agreed Mick “but that is not the only reason perhaps.” Bertie was all ears now. “When I translate rupee returns to dollars, there are two things I have to contend with; currency and taxes.” Bertie nodded. As Bertie was about to step out of the house, the missus asked, “Budget today?”.

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