Powell’s perilous warning may scare FIIs away from Indian stocks
While the US dollar index has once again shot up above the 109 mark pushing the Indian rupee to a record low level, the US 10-year bond yield has also spiked above 3.1 per cent. Analysts say a surge in these two indicators are signals enough that FIIs would be very reluctant to be net buyers on Dalal Street, at least in the near term.
