Since the sell-off began in the last week of September, key indices have fallen 10-11% led by one of the highest-ever selling sprees by foreigners in this period. The study showed that outflows are about 0.2% of the average market capitalisation in this period.
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When there are outflows, the rupee tends to weaken. Additionally, most Asian currencies are depreciating against the dollar. When comparing the Indian rupee to the