As a result, India is not as expensive as it was both in absolute terms and relative to the region. On a Bloomberg consensus estimates the benchmark Nifty50 is currently trading at 12-m forward PE of 20x, near 5-year and long-term averages.
Banking system liquidity back at surplus; markets see signs of softer RBI stance
For seven days in September, the RBI injected funds into the banking system, signaling deficit liquidity conditions caused by the combined impact of quarterly advance