The share of sticky foreign funds – these include global central banks, pension funds, sovereign funds, and entities where a majority stake is owned by governments – in equity assets held by foreign portfolio investors rose to a record 24.30% last month, data from NSDL show. The increased share of sticky funds is an indication that redemption pressure on Indian equities will be relatively lower during the period of extreme risk aversion.
Rupee flat on hopes West Asia truce will hold
The Indian rupee remained stable against the dollar as risk assets gained across Asia and Europe. Falling oil prices and expectations of a West Asian