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BNP Paribas's Sanjay Singh says rupee weakness, rising US bond yields and expected Fed rate hikes will constrain capital flows into India. He cites rising crude prices and political uncertainty as additional concerns for investors.
He notes that growth in domestic flows has offset foreign investor outflows over the past 12 to 18 months.
Constrained capital inflows keep the rupee under pressure, which raises the cost of dollar-denominated imports for India. The main drivers are crude prices and US rate expectations.
business-standard.comSamie ModakMay 1, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
