Though there is no clear link between the sale of shares and the RBI action, a proxy adviser has called the move 'odd' and another said the market regulator should look into the reason behind investors' trimming stakes
The Mumbai-born Indian-American had earlier made headlines for paying $650,100 (Rs 5.32 crore) in 2007 for a seat at a charity lunch with Charlie Munger's longtime business partner and legendary investor Warren Buffett.
Pabrai also advised against shorting, listing it as one of his ten commandments of investing.
The ace investor recently talked about opportunities in the Indian market, saying it is one of the most fertile markets in the world for opportunities to make multi-fold returns.
With currency exchange getting done by December 31 and situation normalising, 2017 could see upmove in the market, believes Sanjay Dutt, Director of Quantum Securities.
Mohnish Pabrai, Manging Partner of Pabrai Investment Funds also says that India is a tremendous market and that business in India has great growth prospects. If FIIs dance in and out of India, they will hurt themselves, says Pabrai.