Even when foreign institutional investors (FIIs) flood Indian IPOs with billion-dollar bids, they aren’t really making much money, said Samir Arora, founder and fund manager at Helios Capital Management. In a post on X (formerly Twitter) on Friday, Arora argued that despite headline-grabbing oversubscriptions, “FII investors don’t really make any serious money,” citing currency conversion … Read more
Mumbai: Overseas interest in debt placed in the fully accessible route (FAR) remained markedly volatile through February, reflecting strategic flows and ebbs on either side of the biggest policy event in nearly five years – a reduction in benchmark rates. The first week of the month saw inflows of ₹4,970 crore as funds flowed into … Read more
India’s central bank has zero tolerance for volatile and bumpy movements in the rupee and will continue to engage with the foreign exchange market to ensure the rupee finds its level, its chief Shaktikanta Das said on Friday. The rupee has been hitting a series of record lows in recent weeks and has broken past … Read more