Rupee near record low despite strong macros; need to plug capital ‘leakages’: Jayesh Mehta
CNBC-TV18 1 hr ago·7 Oct 2026, 10:28 am
The Indian rupee is trading near its all-time low despite strong economic indicators. Jayesh Mehta, Vice-Chairman and CEO of DSP Finance, has highlighted a worrying trend of significant equity outflows. He estimates that roughly ₹53,000 crore left the market in just ten days, driven by factors like derivatives trading and onshore-offshore market linkages.
This capital flight creates pressure on the currency and can affect domestic stock prices. Mehta suggests that stricter monitoring of these financial flows and a potential shift toward source-based taxation could help stabilize the situation and encourage foreign investment.
Investors should watch for any policy changes regarding capital controls or taxation. The stability of the rupee remains a key factor for the broader market, and a sudden reversal in foreign fund flows could significantly impact equity valuations.
Key takeaways
- Category: Corporate Action.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
