Healthy portfolio as well as general FDI capital inflows are expected to further boost India's foreign exchange reserves in the coming weeks. Accordingly, the portfolio equity capital is attracted to India on the prospects of faster economic recovery. Lately, issuance of green and AT1 bonds by India's corporate as well as banking sector along with FDI flows in general have led to a healthy accrual of forex reserves. "Healthy portfolio as well as non-portfolio inflows can led to further rise in reseves," Emkay Global Financial Services' Lead Economist Madhavi Arora said. "The reason is optimism over India's accelerated economic recovery and no signs of tapering in the US. This trend is expected to continue" Consequently, India's stock markets attracted over Rs 6,000 crore in just few sessions last week.
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