Economic dataMint
Foreign inflows lift Indian stocks dollar returns above rupee gains
Positive+21
GreyOak summary
A surge in foreign inflows helped the rupee recover, boosting Indian equity returns in dollar terms. The Nifty 50 gained 11% in dollars versus 9.5% in rupees between October 30 and November 11. This reversal addresses previous underperformance for overseas investors concerned about currency depreciation.
What it affects
- FII flowsPositive +21
Foreign inflows surged significantly.Rolling sentiment Positive +24
- USD/INRPositive +21
Rupee recovered against the dollar.Rolling sentiment Positive +30
