Foreign Inflows Lift Indian Stocks’ Dollar Returns Above Rupee Gains
Foreign inflows helped the rupee recover, lifting dollar-denominated returns on Indian equities relative to rupee returns and reversing a prolonged period of underperformance for overseas investors.
Mumbai, Nov. 12 -- A surge in foreign inflows has helped the rupee recover, boosting returns on Indian equities in dollar terms relative those in rupee terms and reversing a prolonged period of underperformance for overseas investors.The Nifty 50 rose 11% in dollar terms between 30 October and 11 N…