Nifty's Worst September Since 2018: FIIs Pull $40 Billion, Rupee Stuck Near 96
Indian stocks have fallen for eight straight weeks. The economy grew 7.8% in the June quarter. In a post on flow problem, not a growth problem. For anyone trading USD/INR, that distinction decides where the pressure lands. The rupee has been hovering around 96 per dollar, with the Reserve Bank of India selling dollars to keep the move orderly (Rediff MoneyWiz). Orderly spot is not the same thing as cheap carry. The cost of that stability shows up elsewhere.


















