Foreign investors bought a net ₹16,277.99 crore of Indian equities in a Central Depository Services (India) Limited (CDSL) batch dated Nov. 6, while the rupee traded near a multi-month high Monday.
The CDSL figure combines stock exchange transactions with primary-market activity. Its reporting window runs through the trading session before the batch date, so the amount is distinct from a tally of Nov. 6 exchange trading alone.
FXStreet reported the dollar around ₹93.80 at 2:16 a.m. ET (7:16 a.m. UTC) Monday and described the rupee as near its strongest level in months. The Reserve Bank of India (RBI) listed a Financial Benchmarks India Pvt. Ltd. reference rate of ₹94.1402 per dollar as of 2:30 a.m. ET Friday. That benchmark predates Monday’s market quote.
Reuters said investors were rethinking their holdings in markets tied to artificial intelligence and pointed to lower oil prices as another source of support for the rupee. The CDSL figures measure equity flows but do not identify investors’ motives.
U.S. economic data add context for the currency market. The U.S. Bureau of Labor Statistics (BLS) said employers added 165,000 jobs in October and unemployment was 4.1%. The Federal Reserve kept its federal funds rate target range at 3.75% to 4% on Oct. 28. Its next scheduled policy meeting is Dec. 8-9.
U.S. October consumer price data are scheduled for Tuesday, Nov. 10, at 8:30 a.m. ET. India’s October inflation report follows Thursday, Nov. 12, at 7 a.m. ET (5:30 p.m. IST).
