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Below is the Foreign portfolio investors remained net buyers in Indian markets so far in September by Heena Naik, Research Analyst - Currency, Angel Broking Ltd

Foreign portfolio investors remained net buyers in Indian markets so far in September by investing a net sum of Rs 16,305 crore. As per depository data, overseas investors invested Rs 11,287 crore into equities and Rs 5,018 crore in debt segment.

- After reaching a record high in the previous week, India's foreign exchange reserves declined by $1.34 billion to $641.113 billion in the week ended September 10, 2021. The fall in the reserves was on account of a decline in Foreign Currency Assets (FCAs), a major component of the overall reserves.

- According to the latest Global Trade Outlook issued by the UK's Department of International Trade, India is going to be the world's third-largest importer by 2050.

- Japanese banks will be closed in observance of Respect-for-the-Aged Day.

- Chinese banks will be closed in observance of the Mid-Autumn Festival.

- The US Federal Reserve holds a two-day monetary policy meeting this week and is expected to open discussions on reducing its monthly bond purchases, while tying any actual change to US job growth in September and further out. 

- The week brings central banks in Japan, the UK, Switzerland, Sweden, Norway, Indonesia, the Philippines, Taiwan, Brazil, South Africa, Turkey and Hungary as well as elections in Canada and Germany -- though traders are mostly focused on the Fed.

- Yuan was under pressure offshore as the debt crisis engulfing Evergrande added to discomfort over China's slowing economy and regulatory crackdowns.

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