Stability in US markets could bring FIIs back to India: Vinod Nair

"Volatility is expected in the next 2-3 months, but the INR should strengthen, and foreign investors' selling should reduce. This will help INR perform well, which is trading in an overbought position on a daily chart analysis basis. The recent fall in bond yields in the UK is a positive sign for EM currencies. We should also note that the INR is the best EM currency performer."

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