INSUBCONTINENT EXCLUSIVE:
By Nupur Acharya, Santanu Chakraborty and Ameya KarveAs emerging-market stocks reel under the pressure of a rising dollar and fiery trade
local-currency terms, the best performance among developing nations
from trade risks due to its massive domestic market and burgeoning middle class
who oversees $1 billion of assets as chief investment officer at Sanctum Wealth Management Pvt
net $4.5 billion of Indian shares since the end of March, compared with $2.9 billion of foreign outflows, data compiled by Bloomberg show
Much of the local buying came in April and May, when a net 245 billion rupees ($3.6 billion) was pumped into equity funds amid poor returns
from gold and real estate.
Data released in late May showing the economy grew 7.7 percent from a year earlier in the first quarter has also
flight to haven assets.
The rupee has slid more than 5 percent this quarter and hit a record low Thursday
