Despite Recent Outflows, They Argue That Global Investors May Continue to View India As a Long-term Opportunity

In the latest episode of the 'On the beat podcast', A Balasubramanian, Managing Director of Aditya Birla Sun Life AMC, and Harish Krishnan, Chief Investment Officer-Equity at Aditya Birla Sun Life AMC, explain how FCNR deposits could help stabilise the rupee. The discussion covers the difference between FCNR deposits and oil bonds, the Reserve Bank of India's strategy to boost foreign currency inflows, and the outlook for the rupee. The fund managers also address recent foreign investor exits from Indian markets, the country's economic growth story, and current stock market valuations.

Despite recent outflows, they argue that global investors may continue to view India as a long-term opportunity. The episode explores why global investors still cannot ignore India, breaking down the mechanisms behind FCNR deposits and their potential role in supporting the currency.