# Indian markets lose sheen on economic travails, but investors keep faith

> Indian equities lost ground in September as foreign investors sold heavily, with net outflows of $1.11 billion this month after $2 billion in August. The rupee fell 2.2% in the month, its worst performance since November, amid slower growth, rising oil prices and worries about a wider fiscal deficit. Foreign investors called part of the selling profit-taking, and the central bank holds record reserves of $402.5 billion.

- Date: 2017-09-29 · published 2017-09-29T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/69254-indian-markets-lose-sheen-on-economic-travails-but-investors-keep-faith
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee raises the rupee cost of imported inputs and energy for India, which can affect feed ingredient purchasing and import demand. The effect on grain and oilseed prices is indirect and limited.

## Read by commodity

- USDINR: bullish ▲

## Sources

- sg.finance.yahoo.com: https://sg.finance.yahoo.com/news/indian-markets-lose-sheen-economic-122752011.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.