Foreign Portfolio Investors net sold shares worth ₹5,101 crore on Monday, while their domestic counterparts were buyers to the tune of ₹3,532 crore. The dollar surged further after the US Federal Reserve projected further increases in interest rates to curb inflation, heightening concerns of a recession.
Stay focused on domestic fundamentals; no need to react to every US macro move: Sandip Sabharwal
According to Sandip Sabharwal, the proposed US remittance tax is the primary concern for Indians, potentially affecting remittance flows and increasing costs for the Indian
May 23, 2025