If the ongoing sell-off by the foreign investors gets coupled with a sharp surge in the crude price it could put India's Balance of Payments (BoP) under significant pressure, highlighted a report by DSP Asset Managers.
The report noted that foreign flows, especially from Foreign Institutional Investors (FIIs) in the equity market, are not just drivers of stock prices but essential to maintaining macroeconomic stability in India.
This story is from the November 13, 2024 edition of The Business Guardian.
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This story is from the November 13, 2024 edition of The Business Guardian.
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