Stabilising rupee attracts FII buying in Indian markets
after close1 source ↓written by the desknot a recommendation
- which appreciated
- ₹96.96
- against the dollar
- ₹94.40
The Indian stock market is witnessing improved sentiment as FIIs returned following a stabilising rupee, which appreciated from ₹96.96 to ₹94.40 against the dollar. Over the last nine trading days, FIIs were net buyers on five occasions, indicating a shift from previous selling trends. This change is partly due to heightened volatility in South Korean and Taiwanese markets, prompting FPIs to seek stability in India.
Not investment advice. For informational purposes only.