Selling pressure mounted on the Indian stock markets on Thursday after the SEBI regulation on F&O, and with another main reason being the continued foreign outflows from Indian markets to other Asian markets.
Policy autonomy and managing global capital outflows effectively will safeguard India's growth momentum says V. Anantha Nageswaran, Chief Economic Advisor to the Government of India.
The Foreign Portfolio Investors (FPIs) turned net buyers in Indian financial markets, with net inflows amounting to USD 10.8 billion in June and July 2024 after witnessing outflows in the first two months of Financial Year (FY) 25, the monthly economic review of the Department of Economic Af
Governor Das said, "On the external financing side, foreign portfolio investors turned net buyers in the domestic market from June 2024 with net inflows of USD 9.7 billion during June-August (till August 6) after witnessing outflows of USD 4.2 billion in April and May."
Al Zeyoudi pointed out that the UNCTAD data on FDI inflows and outflows confirms that the UAE continues to make steady and confident progress on the path towards economic diversification and sustainable growth.
The Indian rupee experienced significant volatility in June, largely driven by the impact of elections, Foreign Portfolio Investor (FPI) outflows, and a rise in oil prices, which collectively strengthened the US dollar against the rupee, according to a report by Bank of Baroda.
According to the World Gold Council's latest commentary, the month saw a resurgence in inflows, primarily driven by strong demand in Europe and Asia, despite minor outflows in North America and other regions.
According to S&P Global Commodity Insights, India, the world's largest rice exporter, implemented export restrictions, including banning broken rice exports and imposing additional duties on non-basmati white rice outflows in August 2022.
China, for the first time has seen more outflows of foreign direct investment than inflows as tensions rise with the US over semiconductor technology and concerns about rise in anti-spying activity heighten risks.
The decision which hit airline shares and was witnessed as curbing foreign currency outflows, was one of two measures announced by the Banking Regulation and Supervision Agency (BDDK) on Monday.
About 6,500 Indian high net worth individuals (HNWIs) are expected to leave the country in 2023, lower than the net outflows of 7,500 individuals the previous year, according to Henley Private Wealth Migration Dashboard 2023 - which tracks wealth and investment migration trends worldwide.