We are more positive on the consumption theme than infrastructure or investment sectors, where government decisions will make a difference.
Reserve Bank of India Governor Raghuram Rajan took charge of India's central bank when the rupee seemed to be in a tailspin while the country was facing runaway inflation.
According to experts, banks have found better arbitrage opportunities in dollar terms in mature economies with mortgage and leverage rather than take equity exposure on Indian real estate.
However, it still lags far behind the US, which leads with a market-capitalisation of $23.9 trillion through August 2014.
While there is little one can do when the fund house restricts redemptions, it's best to exit even if it means some losses.
Japan's Nikkei fell 0.5% and South Korea's Kospi lost 1.3%.
The move comes within months of a crisis at JPMorgan Asset Management Company.
Europe's discordant leaders snatched a deal on Monday that might just avert Greece's euro exit, but global investors' faith in the durability of the single currency has been tested yet again.
The muted CPI inflation print at 5% earlier this week, followed by a similar WPI number released Wednesday, seems to have spurred India's central bank into action, is how the economists are reading into Reserve Bank of India governor Raghuram Rajan's 25 basis point cut in repo rate.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances