Tech stock sell-offs drive foreign capital back in, Indian rupee gains support
2026-11-06 11:13:49
According to CoinMeta, the selling of tech stocks has driven foreign capital back into the Indian market, which is expected to provide support for the Indian rupee. So far this week, the Indian rupee has risen by 0.5%, reaching a two-week high of 94.32 during trading on Thursday, and then closing at 94.4750. For most of this year, the Indian rupee has been under pressure and has relied heavily on central bank intervention for support. Previously, global funds were chasing the AI investment boom, which left the Indian stock market neglected. Now, as these related transactions reverse, the Indian stock market has once again attracted attention.
Source:Jin10 Data
This content is for market information only and does not constitute investment advice.
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