Quote on FPI By Dr. V K Vijayakumar ,Geojit Financial Services & Alchemy Capital Management
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Below the Quote on Quote on FPI By Dr. V K Vijayakumar ,Geojit Financial Services & Alchemy Capital Management
Going forward, there are some developments that can impact FPI flows. The sharp drop in job creation in the US and the rising unemployment indicates the rising possibility of a recession in the US, which, so far, the market has ruled out. The possibility of a rate cut by the Fed in September is very high. Consequently the US 10-year bond yield has fallen sharply to 3.79%. Even though this is positive for FPI inflows into emerging markets like India FPIs may think of pulling more money out of India since India is the most expensive emerging market now. The developments in the US economy and markets in the coming days will set the trend for FPI in August."
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Market outlook: Rate cut, inflation data key factors for next week
