Groww: FPI Return to Indian Equities Depends on Earnings and Rupee Stability
- Reports
- 15
- Developments
- 1
- Repetition
- 93%
New informationRepeats or wire copies
What happened
Nirav Karkera, Head of Research and Fund Manager at Groww, stated that foreign portfolio investors could return to Indian equities if corporate earnings improve and the Indian Rupee stabilizes. He noted that the Indian Rupee's 6-7% depreciation this year is a concern for overseas investors who measure returns in US Dollar terms.
From aninews.in
Why it matters
The combination of weaker Indian equity performance and currency depreciation has reduced the market's attractiveness for overseas investors. FPI interest is expected to increase when Indian earnings begin to be upgraded again.
From aninews.in
Who's involved
- GrowwProvides equity research on Indian equities.
- Reserve Bank of IndiaManages currency swaps and reserves in India.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- LenskartSpeculative
Increased FPI interest could drive higher trading volume and market demand for brokerage services.
- PaytmSpeculative
Increased FPI interest could drive higher trading volume and market demand for brokerage services.
- PIMCOSpeculative
Investment outlook could depend on FPI return triggers, specifically earnings and currency stability.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- PIMCO's Indian investment outlook hinges on rupee stability and earningsPIMCO's Indian investment outlook hinges on rupee stability and earningsPossible
- CRISIL's ratings depend on rupee stability and earnings growthCRISIL's credit assessments rely on rupee stability and corporate earnings outlookPossible
- FPI return hinges on earnings and rupee stability for ZerodhaIncreased FPI interest could boost trading volume and demand for Zerodha's servicesPossible
- Indian Rupee stability hinges on global triggers and RBI interventionIndian Rupee faces pressure from crude oil and US yieldsPossible
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The entities involved
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Groww
Indian fintech company
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Reserve Bank of India
central bank of India
Related events
- RBI monitors currency gains and intervenes while Kotak Securities provides economic research on the Indian market.
- Bank of Baroda released a report analyzing the currency support measures implemented by the Reserve Bank of India.
- The Securities and Exchange Board of India regulates stock market operations in India and utilizes platforms like Groww for market communication.
- The Reserve Bank of India announced leveraging its special concessional swap window.
- RBI drives digital rupee adoption for settlements while SEBI pilots tokenized bonds, learning from European markets.