The FDI surge reflects India’s growing appeal as a global investment destination, said Commerce Ministry.
Ajay Seth says he doesn't expect Fed's rate action to have a major impact on FPI flows into India
"The measures invoked by the RBI on the capital account have the potential to increase foreign inflows and strengthen the balance of payments. The amounts have to be large to counter the current account deficit which will in turn stabilise the rupee."
In an interview to CNBC-TV18, the group CFO of Essar Group V Ashok says that majority companies with rupee denominated loans will look at raising ECBs.
It's been five turbulent days for equities in India, and unluckily the consensus is that things will not let up anytime soon.