Branch2 Intelligence
Rupee ends losing run on whiff of FPI flows into stocks
Key takeaway
Rupee snaps 4-day losing streak on FPI inflows and weak US jobs data.
- Step 11st-order: Weak US jobs report weakens USD, and FPI inflows into Indian stocks support the rupee.
- Step 22nd-order: Rupee appreciation reduces import costs for UK SMEs buying from India, but pressures UK exporters to India.
- Step 33rd-order: Sustained FPI inflows could lead to further rupee strength, impacting UK-India trade dynamics and SME margins.
Source: IN:Economic Times
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