The outlook for foreign portfolio flows to India also remains quite positive during 2015, as India is quite well placed vis-à-vis its peers on account of the positive factors mentioned above and remains an attractive investment destination.
Additionally, unlike commodity exporting countries like Russia, India stands to gain substantially from the steep fall in crude oil prices through improvement in current account deficit, fall in inflation, reduction in fiscal burden on account of oil subsidy, etc. All these factors would contribute towards ensuring stable conditions in the domestic forex market in 2015.