INVESTMENTS BY FOREIGN institutional investors (FIIs) took a dent in September, with a net $2.3 billion being withdrawn during the month. This was the first month of net outflows after February, and the most since the $3.66-billion sell-off in January.
Experts, in recent days, have attributed the sell-off to the market being overheated. However, one of the key factors for this pullout has been the spike in the US 10-year yield which are at their highest in almost two years.
It has been on the rise consistently since the US Federal Reserve started increasing policy rates last year. It has almost tripled from 1.63% in January 2022 to 4.7% at present, last seen 16 years ago.
Andrew Holland, chief executive officer of Avendus Capital, said global factors are not helping the overall momentum in Indian markets, with crude prices hovering around the three-digit mark and the struggling Chinese economy.
هذه القصة مأخوذة من طبعة October 05, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 05, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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