The Reserve Bank of India (RBI) also hiked the repo rate twice in the last two months by 90 bps. The selloff by the foreign institutional investors (FIIs) has led to domestic benchmarks falling over -17% from their highs, while select sectors were down by more than -20% on a YTD basis.

These strategies are at a nascent stage in India but they are getting investors’ attention, says Mumbai-based Vaibhav Sanghavi, who was among the first few fund managers to venture into hedge funds.

FPIs have been selling Indian equities relentlessly since the last nine months. Last month alone, equities worth Rs 45,276 crore were sold. Till June 17, FPIs sold stocks worth Rs 28,445 crore.

While FDI flows are likely to stay broadly stable, record portfolio outflows, especially in equities, and rising dollar funding costs will keep capital flows negative, at least in the near term. While the RBI has room to manage the resulting outflows, Barclays believes that the space for rupee stability was shrinking, given persistent and large current account deficits.

When the economy is in an expansionary phase, however, an increase in money supply can cause higher inflation, implying that monetary accommodation during Covid-19 by the central bank needs to be reversed once the economy gets back to its normal path of growth.

The properties to go under the hammer include office premises, residential flats, land parcel, shops, land & buildings located in Gujarat, Maharashtra, Goa, Daman, and Dadra and Nagar Haveli.From November 2019 to March 2022, more than 266 properties were auctioned at a reserve price of Rs 1,297 crore

The Fed and the European Central Bank, which is also facing severe price pressures, have enough credibility to engineer a reduction in inflation without causing a deep recession, St. Louis Fed President James Bullard said on Friday.

The Government of India, in consultation with the RBI, has decided to offer a discount of Rs 50 per gram on the nominal value to those investors applying online and the payment against the application is made through digital mode.

The Fed has just finished a four-month public consultation period soliciting opinions on the idea of a digital dollar. Fed Vice Chair Lael Brainard has emerged as a key supporter while Fed Governor Chris Waller has made the case against.

"Things will get worse before they get better," Marcus Brennecke, global co-head private equity at EQT, told Reuters at the SuperReturn International conference."Between China, supply chains and interest rate hikes which impact on valuations, it equals a perfect storm."