FII selling pressures rupee while domestic flows support equities
after close1 source ↓written by the desknot a recommendation
- of the Indian
- 6% depreciation
- historical average
- 3.5%
Consistent FII selling has led to a 6% depreciation of the Indian rupee in November, significantly higher than the historical average of 3.5%. Despite this, domestic flows have bolstered equity markets, particularly in the BFSI and automobile sectors, where stable credit growth and improving deposit rates were noted. However, infrastructure orders and metal prices softened, indicating mixed signals for traders.
Not investment advice. For informational purposes only.