MUMBAI : The recent equities sell-off, led by aggressive offloading by foreign portfolio investors, has eroded investor wealth worth nearly ₹60 trillion in the past three and a half months. The sell-off has been led by FPIs who have offloaded cash market or secondary shares worth a net ₹1.85 trillion since October through 12 January amid a falling rupee and …
Despite foreign investments have reversed the outflow trend and saw net inflows since July after witnessing net outflows since October 2021, the Indian rupee is still falling to its record lows. In the current calendar year, the rupee has declined about nine per cent after plunging to all-time lows multiple times. Experts On Rupee Fall Vivek Iyer, partner and leader …
