The Reserve Bank of India cut its benchmark interest rate by 0.25%.Â Often a rate cut in India leads to another leg up in stocks.Â However, this rate cut was widely expected and thus may not be a trigger for another up-leg.
Our ratings on India remain Buy in the short-term and medium-term, and Strong Buy in the medium-term.Â The buy zone is being raised to $16 to $18.51.
Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.