Source: Reuters (via feed)
Record foreign outflows from India’s financial stocks in March underscored a deepening retreat by overseas investors. The outflows compounded pressure on Indian equities and the rupee. These developments coincided with fears over fallout from the Iran war on economic growth and earnings.
BizTrendWire Insight:
Foreign outflows from financial stocks can affect equity markets and currency value in India.
Foreign outflows from financial stocks can affect equity markets and currency value in India.
