Shankar Sharma argues that India’s forex reserves are overwhelmingly built on “rented capital”, SIP inflows are facilitating foreign exits, and the country may soon have to choose between protecting the rupee and protecting the stock market. For the full story, visit the source.
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India’s real macro dilemma: save the rupee or defend the stock market
Shankar Sharma argues that India’s forex reserves are overwhelmingly built on “rented capital”, SIP inflows are facilitating foreign exits, and the country may soon have to choose between protecting the rupee and protecting the stock market.
By mint· Livemint· 4 months ago· 2 min read
This summary is sourced from Livemint. Read the full article at:Livemint