The weakening rupee is unlikely to significantly impact India’s trade balance, inflation, or growth prospects despite hurting importers. Limited commodity price rises and weak global growth, especially in China, help mitigate imported inflation. Excessive rupee interventions may hinder growth and further strain forex reserves and liquidity.
Adani Ports, Bharti Airtel among 5 key additions to Bernstein India model portfolio; HDFC Bank, RIL excluded
Brokerage firm Bernstein has updated its India model portfolio, adding five new stocks and removing four.