The influx of foreign money after a three-year hiatus has kept local sovereign bond yields - and therefore corporate borrowing costs - anchored amid a volatile inflation environment and a tight liquidity stance by the Reserve Bank of India (RBI).
KUALA LUMPUR, Dec 26 Foreign investors remained net buyers of domestic equities on Bursa Malaysia for the second consecutive week at RM112.3 million, said MIDF Research. In.
The Indian currency, however, remained under pressure due to continuous upward movement in the crude oil price triggered by evolving geopolitical situation and outflow of foreign funds, forex traders said.
According to forex analysts, despite positive sentiment in the domestic equity markets and a weak American currency against major global currencies, the Indian unit was weighed down by the volatile crude oil prices.
India Business News: The sensex capped a strong winning week with a 970-point rally on Friday to close above the 71,000-mark for the first time in history. It closed at 71