FII's pull out 16 billion rupees

The following figures summarize FII on NSE and DII on NSE + BSE on the last friday.

FII net trading activity (in crores) : -1662.26
DII net trading activity (in crores) : 56.75
This is an indicator that FII's are pulling out money primarily to complete their financial commitments. Looks like the rupee will keep falling further !

I have an open question. Isn't US economy outlook much worse than India's? Isn't US economy going to be hit much harder, even though we are not insulated fromt he current global crisis? Doesn't that mean Rupee, fundamentally should grow stronger against the dollar?

Oct 6, 2008

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