FIIs Not Panicking About India: Madhusudan Kela
  • Saba Ashraf
  • Aug 30 2013

Aug 30: Madhusudan Kela, Chief Investment Strategist at Reliance Capital, says recent outflows are a fraction of the foreign capital that came into the country in the past few years. “Most FIIs are sitting in the Nifty, where 70% of the companies will benefit from the weak rupee in the long term,” he says. However, he warns of an outflow if the government is unable to deal with external influences or the global situation worsens.