
Given the uncertainty at a global level, the FII desks are resorting to safer options. Hence they are reducing exposure to global markets and consolidating holdings in dependable currency like USD. The sentiment will continue till we see a change in the headline news coming from Ukraine and China.
from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-india-to-be-onebrighter-pocketslikely-growtharound-85-asheesh-chandakristal-ai_16241221.html
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