Why reverse Japanese Yen carry trade may have limited impact on India

"I think the yen carry trade would have limited impact on India at least fundamentally because the FIIs have been selling over the last two-and-a-half years and we have seen their total allocation to India's total market cap go down from 22-23% to 16-17%," Manish Sonthalia, Director and Chief Investment Officer at Emkay Investment Managers said.