Salient to Investors: Official inflation data is often incomplete or months out of date. Jahangir Aziz at JPMorgan Chase said that to a large extent, the Reserve Bank of India is essentially making decisions in the dark – India lacks a solid, good measure of inflation with much broader coverage of services, and
READ MORE... →Salient to Investors: Sampath Reddy at Bajaj Allianz said offshore investors will buy more Indian equities after India opened its retail and aviation industries to foreigners. Bloomberg estimates foreign funds bought a net $13.4 billion of Indian shares so far in 2012, second only to China in Asia. Aditya Narain at Citigroup raised its June 2013 target
READ MORE... →Predictions: Esther Law at Societe Generale said the Fed did the bare minimum extending operation twist, which will be perceived as short-term negative for risky assets, including global emerging markets. Law said China’s manufacturing sector, especially small and medium-sized factories, continued to slip. JPMorgan raised Indian equities to overweight from neutral. Read the
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