Mohammed Haneefa Nizamudeen
Indian markets ended last week on a high after the Reserve Bank of India (i.e., India’s central bank or the ‘RBI’) surprised with two jumbo rate cuts - 50bps to the benchmark interest rate and another 100bps
INCO: A Play On India's Consumer Upswing
Summary
- India is in the midst of an accelerated monetary easing cycle.
- Fiscal stimulus and rapidly decelerating inflation add demand support.
- Plenty more legs to consumer-focused INCO’s recent rally.
Private investor
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