FIIs Could Return As Rupee Stabilises | Dikshit Mittal's Big Currency Call

Is the pressure on the Indian rupee finally easing? Dikshit Mittal, Senior Fund Manager – Equity, LIC Mutual Fund, shares his outlook on the rupee, foreign flows and the factors that could drive currency stability. Mittal believes much of the pressure on the rupee may now be behind us, with FII positioning in Indian equities at historically low levels. He expects improving Indian earnings, stabilising currency conditions and FCNR flows to support foreign inflows. According to Mittal, a stronger rupee could encourage FIIs to return, creating a positive cycle for the currency and Indian markets. He also discusses changing FII preferences, mid- and small-cap exposure and why the AI trade may have already seen its best phase. Watch the full conversation for his currency and market outlook.