FPI return depends on earnings and rupee stability
pre-market1 source ↓machine-written, see hownot a recommendation
- of the rupee
- 6-7% depreciation
Foreign portfolio investors (FPIs) may return to Indian equities if there is sustained improvement in corporate earnings and stability in the rupee. Nirav Karkera, Head of Research at Wealth by Groww, noted that the 6-7% depreciation of the rupee this year has made Indian markets less attractive for overseas investors. September-quarter earnings will be crucial for FPIs' decisions.
Not investment advice. For informational purposes only.