Forward from: Commodity Focus By Kotak Securities
In September, the Indian capital markets recorded their highest-ever monthly Foreign Portfolio Investment (FPI) inflows in 2024, with 60% directed toward equities and 40% into debt.
While the Indian Rupee has strengthened marginally against the US Dollar, it has weakened against several other currencies.
This divergence is largely due to the Reserve Bank of India (RBI) intervening to absorb the inflows, either directly or indirectly, through spot or forward market operations.
Disc: https://www.kotaksecurities.com/disclaimer/commodities - Kotak Securities
While the Indian Rupee has strengthened marginally against the US Dollar, it has weakened against several other currencies.
This divergence is largely due to the Reserve Bank of India (RBI) intervening to absorb the inflows, either directly or indirectly, through spot or forward market operations.
Disc: https://www.kotaksecurities.com/disclaimer/commodities - Kotak Securities