Rupee Remains Crucial For Foreign Flows Into India, Says Trinh Nguyen

Trinh Nguyen sees improving market sentiment in India amid a decline in crude oil prices, with foreign fund flows likely to hinge on the rupee’s movement and global risk appetite. Speaking to NDTV Profit, Nguyen said India has been impacted by the Iran war and elevated crude prices, while concerns over the AI bubble and lower tech headcount have weighed on investor sentiment. She believes the AI theme may cool but will not disappear, with structural strength more important than valuations. India’s macroeconomic fundamentals and earnings are expected to continue growing, while its tech cycle remains highly cyclical.