Ashutosh Joshi

The rupee’s relentless slide is prompting tougher scrutiny of Indian companies as investors and analysts press executives on their foreign-exchange strategy.

Trading value in India’s cash equities surged to an all-time high Friday, as MSCI Inc.’s index changes triggered a flurry of bulk deals by global passive funds.

International investors now hold less than 15% of Indian equities.

Overseas investors’ cumulative net equity investments in India have slid to a near-decade low after relentless selling, highlighting the fading attractiveness of the nation’s $4.9 trillion stock market.

Shares of Indian software services companies are experiencing their sharpest swings since the pandemic, as the growing prowess of artificial intelligence fuels investor anxiety about the industry.

Investors remain far from convinced that the sector has found a bottom.

India’s markets regulator has alleged that the owner of Swiss gold refiner Valcambi SA overstated revenue, according to an interim order issued Wednesday.

Rajesh Exports prima facie misrepresented about $159 bn—equaling 99.8% of its revenues from subsidiaries over five fiscal years through March 2025—SEBI said in its order.

DBS sees $30 billion-$40 billion coming from the RBI’s swap facilities alone.

Flows into monthly recurring investment plans were steady.