Surprisingly, foreign portfolio investors (FPIs) were net buyers of domestic shares on Thursday, having bought stocks worth Rs 2818 crore, provisional data showed. DIIs on the other hand, net sold stocks to the tune of Rs 1580 crore.
FCNR(B) scheme has bought India 3-5 years, but $170 billion repayment cliff looms: Uday Kotak
Uday Kotak has described India’s $130-billion-plus FCNR(B) mobilisation as a “strong insurance policy” against global shocks, but warned that repayments including interest could reach $160-170