Foreign Flows

The repatriation of profits from Pakistan by foreign companies dropped by 80.4 per cent during the first eight months of the current fiscal year starting from July 2022 to June 2023

The rupee depreciated by 10 paise to 82.75 against the US dollar in early trade on Thursday amid negative trends in the domestic as well as global equity markets and continued outflow of foreign funds. At the interbank foreign exchange, the domestic unit opened weaker at 82.77 against the US dollar and traded in the range of 82.80 and 82.71. Later, the domestic unit was trading at 82.75 against the greenback, registering a fall of 10 paise. On Wednesday, the rupee settled at 82.65 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was 0.10 per cent lower at 104.54. Global oil benchmark Brent crude futures rose 0.61 per cent to USD 74.14 per barrel. The 30-share BSE Sensex was trading 116.67 points or 0.20 per cent lower at 57,439.23 points while the broader NSE Nifty was down 34 points or 0.2 per cent at 16,938.15 points. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on ..

The rupee gained 36 paise to 82.24 against the US dollar in early trade on Friday as fresh foreign fund inflows and a positive trend in domestic equities strengthened investor sentiments. At the interbank foreign exchange, the domestic unit opened at 82.28 against the dollar, then gained ground and rose to 82.24, registering a rise of 36 paise over its previous close. On Thursday, the rupee closed at 82.60 against the US currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.13 per cent to 104.88. Brent crude futures, the global oil benchmark, declined 0.39 per cent to USD 84.42 per barrel. "The Indian rupee had the best week after more than one month, helped by the renewed risk-on sentiment in global markets. The rupee seems to be gaining in the NDF market suggesting offshore players did a long unwinding of the USD position," CR Forex Advisors MD Amit Pabari said. Also, inflows of over Rs 12,000 crore on the back o

Revaluation amid weaker dollar, spot market purchases lift reserves to $544.72 billion

Persistent foreign fund inflows into capital markets, softening crude oil prices and a weak US dollar in the global markets boosted the local currency.

IndusInd Bank was the best-performing Sensex stock and rose 7.8 per cent

RBI said that despite the headwinds from geopolitical developments, elevated crude oil prices and tighter external financial conditions, high frequency indicators point to an ongoing recovery in sever

AUM of GEMs have risen 37.6 per cent to $155.8 billion

The MSCI India's valuation premium to EM is now at 40 per cent, 3 per cent above the long-term average, according to BofA Securities

The millions of dollars in costs, sudden policy changes and arbitrary legal rulings mean companies will need to weigh the risks of moving there

Large flows pose a challenge to managing rupee appreciation

Market players say the flow remains stable as long as the US Fed keeps interest rates low

Indian and Indonesian bonds - the two with highest yields in the region - both received net foreign inflows of $1.7 billion in March

Improving economic and earnings outlook, buoyancy in primary market will help India sustain the momentum next year