"Foreign Institutional Investors (FIIs) remained net seller in the Indian capital markets over the last few weeks". - The Economic Times.
State and discuss the likely effects of the given statement on foreign exchange rate with reference to the Indian Economy.
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Effects on foreign exchange rate with reference to Indian Economy:
- Selling of securities by foreign Institutional Investors in Indian market leads to the decline of foreign currency in the country’s reserve.
- The demand for those foreign currencies increases in Indian market.
- However, this rise in demand increases value of the foreign exchange rate and eventually depreciates the value of a domestic currency.
- Undoubtedly, India has a vast market, but selling of securities by FII is an adverse step for our economy.
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