The Reserve Bank of India is considering measures to deal with an influx of foreign fund flows, a RBI deputy governor said, adding that inflation persists well above the central bank's comfort zone. Foreigners have bought a record $19.7 billion of Indian equities this year, with about one-third of them entering the market since the start of September, putting upward pressure on the rupee.
Careful of this while taking Long Positions........ Market is Already Overbought.......
23 FIIs withdrawing From India with there Sub accounts...........
But.....
It has become since last month we all are waiting for Correction in Market which is not happening and Going Up and Up ...
So Be cautious towards the both side...
Regards
Santosh Sharma
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