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Investors raise bullish bets on Indian rupee amid poll fervour

The prospect that Prime Minister Narendra Modi and his party will manage to just about win a parliamentary majority has sparked net inflows of over $8 billion into equities so far this year

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A tale of two elections saw investors raise their bullish bets on the Indian rupee over the past two weeks while long positions on the Thai baht unravelled to their lowest this year, a Reuters poll showed. test Foreign investors have ploughed billions of dollars into India ahead of an election process spread over seven phases and ending only toward the end of next month with nearly 900 million people eligible to vote.

The process begins on Thursday. Investors, who only turned bullish on the rupee at the start of March for the first time in nearly a ...

First Published: Thu, April 11 2019. 14:24 IST
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