He sees the rupee remaining weak in the near term, and is cautious on the equity market. In an interview with CNBC-TV18, Patnaik says he prefers to bet on defensive stocks, given the uncertainty in the market post the US Federal Reserve's recent comments on quantitative easing (QE). He expects the US Federal Reserve to start trimming its monetary stimulus from September onwards. The other key risk for global equity markets is China's growth turning out to be lower than expected.
Patnaik is bearish on the rupee and sees it falling well below 60 to the dollar, unless the government takes steps to increase capital flows. Patnaik is hopeful that the government will take more steps to increase foreign direct investment limits across sectors.
He is bearish on PSU banks.
Anda sedang membaca artikel tentang
Bearish on PSU banks, rupee weakness to persist: Religare
Dengan url
https://segarsaries.blogspot.com/2013/07/bearish-on-psu-banks-rupee-weakness-to.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Bearish on PSU banks, rupee weakness to persist: Religare
namun jangan lupa untuk meletakkan link
Bearish on PSU banks, rupee weakness to persist: Religare
sebagai sumbernya
0 komentar:
Posting Komentar