💨 Abstract

Indian stock markets recovered in March, driven by a change in stance of foreign portfolio investors (FPIs) and the Federal Reserve's projection of two rate cuts this year. FPIs have been net buyers due to aggressive buying of Indian debt, leading to a reversal of year-to-date losses for the rupee. The recovery in the market and currency is uncertain due to factors such as tariff uncertainties, corporate earnings, and developments in China.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖