“As an Indian investor, we are always worried that even though the Nifty might do 15%, if my currency depreciates by 5-10%, my net returns in dollars are low. That is the point I have argued many times. Maybe after the US recession, we will enter a setup where INR assets, both bonds, credit as well as equities would actually look better than dollar assets. ”
Global brokerage house Nomura has increased its exposure of Indian equities in its Asia ex-Japan portfolio, maintaining an overweight position on Indian stocks despite high valuations. India now holds a weight of 19 percent, up from 18.2 percent in September 2023, in Nomura s portfolio.
Sachchidanand Shukla - Here’s a look at a few mega events that were overwhelmingly forecast to happen and alter the course of the year 2023 but failed rather astonishingly, , Year End 2023, us recession, oil price shock, DXY Crossroads