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    QONEQT in News

    14-Nov-2022 04:47 AM


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    Rupee Has Weathered The Global Storm; Worst Largely Over: Report

    Rupee weathered storm; worst largely over, says Alchemy Capital The rupee has weathered a storm in the face of heavy selling by foreign institutional investors, monetary policy tightening by the US Fed, and the ongoing war in Ukraine which led to high international oil prices.
    "It (rupee) may remain weak-to-volatile for a while, but we think the worst is largely over for the currency," Seshadri Sen, Head of Research at asset management company Alchemy Capital Management told ANI in a written response.
    This is remarkable, given the external account headwinds the economy faces."
    On foreign fund outflows from Indian financial markets, he believes the selling peaked in the first half of the calendar year 2022 and has abated since then.
    Investors typically prefer stable markets in times of high market uncertainty.
    Source: NDTV
    #Rupee