FPIs begin New Year in sell-off mode; withdraw Rs 5,900 cr from equities in a week

FPIs begin New Year in sell-off mode; withdraw Rs 5,900 cr from equities in a week

Foreign investors offloaded nearly Rs 5,900 crore from the Indian equity markets in the first week of January on growing concerns over the re-emergence of Covid in some parts of the world and recession worries in the US. Foreign Portfolio Investors (FPIs) have been adopting a cautious stance toward Indian equity markets for the past … Read more

Rupee’s sudden gains have traders speculating RBI is easing grip

Rupee’s sudden gains have traders speculating RBI is easing grip

By Subhadip Sircar The Indian rupee’s outsized gains over the last three sessions is spurring talk that the Reserve Bank of India may have loosened its grip over the currency. The rupee has rallied 1.6% in the previous three sessions to post its biggest gain for the period since March 2020. The exchange rate had … Read more