The Indian Rupee has been moving up today in the initial rounds; the market is expecting inflows, perhaps. The inflows appear to be swayed by rise in the India equity market which is at levels previously untouched. Consequentially, inflows of some 'hot money' chasing high return in emerging markets would pass through India too.
One moot point is by afternoon, would the foreign investors decide to invest in their home markets even as they pick up?
One moot point is by afternoon, would the foreign investors decide to invest in their home markets even as they pick up?
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