Indian stocks hit by major foreign sell-off! Indian rupee exchange rate plummets! Money flowing to China?
On October 15, preliminary data released by the National Stock Exchange of India showed that on October 14, foreign investors sold 37.316 billion Indian rupees (approximately RMB 3.15 billion) of shares.
Due to concerns about the withdrawal of a large amount of foreign funds from the Indian stock market, the exchange rate of the Indian rupee continued to fall, and the exchange rate of the Indian rupee against the US dollar once fell to a record low.