India’s Stock Market Falls Nearly 12% as Finance Minister Warns of Capital Flight Risks - Sri Lanka Guardian
India’s Stock Market Falls Nearly 12% as Finance Minister Warns of Capital Flight Risks - Sri Lanka Guardian
Source: Sri Lanka Guardian
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DW NOTE
India's equity market is down 12% while the Strait of Hormuz remains closed for a seventh day and core inflation is running above Fed targets. The Finance Minister is warning about capital flight from a market that foreign investors have already been exiting for eighteen months. When your currency is the rupee and dollar-denominated debt is repricing, "warning about" capital flight is another way of saying it's already happening.