Published On: Friday, September 30, 2022 | By: Team KnowMyStock
In the past seven trading sessions, FPIs have withdrawn over $2 billion from the domestic markets. Their monthly buying tally has turned negative in September after two months of positive flows.
"Dollar has strengthened against a host of currencies, including the rupee. Bond yields are rising sharply. At the moment risk-adjusted return that investors expect from equity is not getting met. The aggressive statements by Fed regarding keeping higher rates for a longer time are stoking fears of a recession and triggering risk-off mode amongst investors.
India cannot be immune to global headwinds," said Siddhartha Khemka, head of retail research, Motilal Oswal
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