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As The pandemic raised concerns about a global recession, Has begun boating from the Indian capital After maintaining buyers for six months, it withdrew a huge sum of more than Rs 1 crore in .

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Market experts say that in order to curb the spread of the coronavirus, blockades have become the norm worldwide and have led the to take caution.

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Deposit data showed that between March 2 and 27, foreign securities investors (FPI) withdrew a net amount of Rs 59,377 crore from their stocks and withdrew Rs 52,811 crore from the debt component.

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Since September 2019, foreign securities investment companies have made investments for six consecutive months, with a total net outflow of Rs.11.188 crore in March.

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This is also the highest withdrawal amount since FPI data is available from National Securities Depository Ltd.

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Himanshu Srivastava, a senior analyst and manager at Morningstar India, said: "With the government's declared blockade, businesses and trade have ceased, which may further slow the pace of domestic economic ."

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March 24, Prime Minister Announce 21-day national blockade to stop the outbreak infection.

Also read: Corona live: will speak on Mann Ki Baat in the afternoon, explaining the 21-day lockout

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"While the world has intensified the fight against the coronavirus, no signs of its teaching have been observed. Although several measures and resources have been announced to fight the disease, concerns about the continued downturn in the global economy have gained momentum. Is to keep Far from emerging Like India, these countries are more vulnerable to these events. Srivastava added.

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Under the current circumstances, FPI tends to adopt more secure investment options than investing in fixed income securities in emerging markets, such as dollar-denominated asset classes and gold. He said, just like India.

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Regarding the of FPI traffic, he said that when there were clear signs, the situation should stabilize. Under control. But until then, this will continue to be one of the main areas of focus for the FPI as it could have a more severe impact on the already slowing global economy.

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Groww co-founder and chief operating officer Harsh Jain said: "The measures announced by the Minister of Finance and the Reserve Bank of India are encouraging, but we must wait and see what impact this will have. We must closely monitor future announcements and their impact on the economy .

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