Foreign Investors Pull $3.2 Billion From Indian Markets as Oil Rally Returns
The renewed rally in oil prices above $100 per barrel Brent has prompted foreign investors to pull money out of India’s stock and bond markets at the highest pace since March, when the start of the Iran war and the oil supply crunch in Asia launched a massive exodus from Asian assets. Following the
Source: OilPrice.com
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DW NOTE
Foreign investors are fleeing Indian equities just as oil rallies — not exactly hard to read. India imports 85% of its oil. Brent at $100 means wider current account deficits, rupee pressure, and imported inflation in an economy already running a fiscal deficit above 5% of GDP. The outflow isn't panic; it's arithmetic.