For the past few months, we have witnessed FPI outflows owing to interest rate changes in the US, which made carry trades less attractive against US markets.
Dow, S&P 500 slip as oil hovers near $100 despite Nasdaq’s record close
The Dow and S&P 500 declined sharply as oil prices rallied near the $100 mark, causing apprehension among investors. However, the Nasdaq soared to a