The Indian rupee on Tuesday punches a 2month depressed
against the US dollar as foreign banker’s evaluation to liquidate their situation
in regional equity markets.
In the last 8 discussion, foreign institutional
investors (FIIs) sold approximately $1.4 billion in equity, while they have
bought $1.02 billion so far this year. Since the inception of this year, the
rupee has fallen 1%,
Analysts admit
that foreign institutional investors (FIIs) are selling for the
last few discussions due to an unpleasant budget and the recent $1.8 billion
Punjab National Bank fraud that may turn into a contamination.
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