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So far in 2022, sales of Rs 2.1 lakh crore have been seen the highest during the first half of any calendar year and it is also the ninth month of sales by FPIs with the second highest monthly outflow of Rs 45,000 crore. Beginning in October, there was a total outflow of Rs 2.5 lakh crore during the period.
Experts say that central banks will raise rates further but the extent of the increase is quite uncertain and will depend on the trajectory of growth and inflation. Indian index Fell over 5% in June and nearly 9% so far this year. “Valuations have to be made more fair for foreign investors to view India more favorably. There is a lot of uncertainty with respect to domestic and global inflation and oil,” said Sanjeev Prasad, co-head, Kotak Institutional Equities. “Indian Valuation are high and consumption related sectors are still very expensive. There is no urgency for FPIs to invest in India,” Prasad said.
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