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2026-11-06 11:16:26
[Foreign Capital Returns to Indian Market, Supporting the Rupee] (1) After months of continuous capital outflows, foreign capital has returned to the Indian market, which is expected to provide support for the rupee; the sell-off in tech stocks has instead become a driving factor for capital inflows into India, Asia's third-largest economy. (2) So far this week, the Indian rupee has risen by 0.5%; it touched 94.32 on Thursday, a two-week high, before closing at 94.4750. (3) The rupee has been under pressure for most of this year and has relied heavily on central bank intervention for support; this week, two factors that had previously dragged down the rupee for a long time—oil prices and stock fund flows—have improved, giving the rupee some breathing room. (4) Previously, the global pursuit of AI investment had neglected the Indian stock market; now, with the reversal of related transactions, the Indian stock market has regained attention.
