FPI sell-off deepens: Rs 23,801 crore withdrawn in a week; March sees record Rs 1.17 lakh crore exit
Foreign investors have significantly pulled out of Indian stocks, with March seeing record outflows of Rs 1,17,775 crore.
Escalating West Asian conflict, soaring crude oil prices above $100, and a weakening rupee are driving this sell-off.
- Hormuz supply crunch: Rising energy prices impact roads, airlines and restaurants Times Of India —
- India makes first oil purchase from Iran in 7 years with no payment hurdle Times Of India —
- The tumbling rupee is a big problem for Narendra Modi The Economist —
- In a first, OMCs to pay refiners discounted rates to offset rising crude costs Times Of India —
- Steps in place to give India ships Hormuz passage: Iran envoy Times Of India —