Re rally helps FII returns zip past Indian peers

The steady slide of the greenback has seen foreign institutional investors in India laughing their way to the bank. As the rupee is appreciating, FIIs have more than doubled their returns from the Indian market this festive season compared to their domestic counterparts. In the last one month Dollex-30, the dollar-denominated version of the BSE Sensex, has gained over 7.62% compared to the benchmark Sensex’s gain of 3.68%. On a yearly basis too, FIIs have earned 10% more than domestic investors since the Sensex has given a return of just 73.69% compared to the 83.35% gain in Dollex-30.

The Dollex-30 reflects the change in stock prices as well as currency values, and enables foreign investors to measure their equity returns in real terms, both in respect of domestic and international currencies.

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