Foreign Portfolio Investors (FPIs) continued selling off Indian equities in the second week of November, although at a slower pace than the previous week and month. Despite this trend, FPIs increased their investments in the Indian primary market. Meanwhile, domestic funds continued pouring money into the equity market.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction