India’s macro fundamentals unaffected by Adani FPO withdrawal: Sitharaman
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Saturday said India’s macro fundamentals and economic image are not affected by the Adani Group’s withdrawal of its Rs 20,000 crore FPO.
In the last two days alone, USD 8 billion in forex came in, the finance minister said during a post-Budget press conference.
“…our macro economic fundamentals or our economy’s image, none of which has been affected. Yes, FPOs (follow-on public offers) come in, and FIIs get out,” Sitharaman told reporters here.
