By Anindya Banerjee Over the past one month, Rupee has been an outperformer, thanks to the fall in oil prices, robust FPI flows and hopes of Indian bonds being included in the global bond indices. However, in spite of the net FPI flows being negative $22.2 billion YTD, Rupee has done quite better than its peers. The table below shows that inspite of FPIs pulling out over $22 billion from Indian stocks and bonds, Indian Rupee has ranked as 7th out of the 26 major currencies. One of the major reasons for this kind of performance is massive intervention from …
