Foreign Portfolio Investors sold Rs 4,285 crore worth of Indian equities in the first three days of January. This contrasts with December 2024 when they were net buyers. FIIs have been cautious due to high valuations in the secondary market but active investors in the primary market. The dollar’s strength and US bond yields influence their actions.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.