In an interview to CNBC-TV18, Cameron Brandt, Director - Research, EPFR Global said that the FII outflows from emerging markets had seen a moderate reduction. He added that India had seen an outflow of USD 12 million on the last day of the last week.
Nick Parson of National Australia Bank told CNBC-TV18 that the phenomenon of foreign institutional investors (FIIs) pulling out of emerging markets (EMs) was overdone. He added that as the fundamentals of such markets are very strong and have forex reserves, it will not be surprising to see such markets ending higher in the next quarter.
CNBC-TV18's managing editor Udayan Mukherjee wraps up the market events of the day. He said that the market saw the 500-plus points fall on the back of US Fed's statements on tapering QE by year-end.
Finance Minister P Chidambaram said that the Indian bond yields were still attractive than the US ones despite the narrowing of gap by 160 basis points.
Sameer Goel of Deutsche Bank told CNBC-TV18 that the pullout of FIIs from emerging markets was a pan-Asian phenomenon due to volatility in these markets. He added that the India's deficit problems and rupee depreciation was impacting these flows to the country.