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Market move● Neutral for Indian equities
FCNR inflows cushion rupee, BoP; FII flows crucial for sustained external stability: Report
The brief
- Foreign currency non-resident inflows have bolstered rupee stability and India’s balance of payments
- FII flows are crucial to sustaining external stability
- Rupee stability matters to import-heavy Indian companies, while FII flows influence equity demand
- US 10-year yield at 24-year high rattles Nifty, rupee and bond markets. Why is India hit hard?
- Another stock market crash: Nifty, Sensex tank - FII selling, high bond yields, among 5 reasons behind big plunge
- RBI forex swaps open lower-cost dollar funding route for Indian firms
- A weak rupee would push RBI to follow tightening path
- India RBI's FX forward book tipped to shrink after touching $200 billion