Are the markets ignoring macroeconomic concerns?

Rising inflation, widening deficit and a possible earnings downgrade loom large over the horizon

Published 4 years ago on Oct 17, 2017 1 minute Read

Andrew Holland, CEO, Avendus Capital Alternate Strategies

In the backdrop of a tightening of monetary policy by the Federal Reserve, widening national current account deficit and a likely higher fiscal deficit slippage, the stretched valuations signal complacency on the Street. The depreciation of currency (up to Rs.66-67 against the dollar) thanks to the tightening of the monetary policy in the US, coupled with upward trend in the p


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