Foreign portfolio investors continued their net selling of Indian debt through the fully accessible route in July, marking the fourth consecutive month of outflows. Net sales reached ₹455 crore amidst rupee pressure and uncertainty surrounding policy decisions. Hopes for further rate cuts diminished after the RBI emphasized long-term inflation and growth considerations.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may