The Impact
- High US and LIBOR interest rates force existing foreign investors to move out of emerging markets
- Depreciating rupee, along with higher global interest rates, makes India a less attractive destination
- Negative macro indicators about any country make foreigners apprehensive
- Any signs of macro-economic problems scare away NRIs
- Global currency fluctuations force RBI to revalue India's foreign assets to lower levels
.jpg?auto=format%2Ccompress&fit=max&format=webp&w=376&dpr=2.0)
