D-Street’s $489 billion rally is winning back global funds

D-Street’s 9 billion rally is winning back global funds

Global funds are returning to Indian stocks, signaling that this month’s rally in Asia’s best-performing equity market likely has more legs. Having largely been sellers in the months since Indian benchmarks scaled records in September, foreigners are coming back amid growing optimism that a domestically-driven economy will make the South Asian nation withstand the global … Read more

Rupee may fall to 85 against dollar leading to RBI intervention: Naveen Mathur

Rupee may fall to 85 against dollar leading to RBI intervention: Naveen Mathur

Naveen Mathur, Director – Commodities, Currencies and International Business, Anand Rathi Wealth, says the overall perception is that the rupee might continue to 85 levels or so where the RBI might start intervention. They might be intervening because we have seen that the dollar reserves at the RBI in the end of September was at … Read more