Fed rate cut in Sept may not bring in FII money immediately; RBI may not lower rates before CY25: Harsha Upadhyaya

August 27, 2024

Harsha Upadhyaya of Kotak AMC highlighted that a U.S. Fed rate cut could have limited impact on Indian markets, as this possibility may already be considered. He suggested that India’s rate cuts might occur post-December or in 2025, with the current market reflecting these expectations. The interest rate climate usually favors valuations and sensitive sectors.

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Honasa Consumer shares climb 5% as Jefferies raises target price after Q2 show. Why is the brokerage bullish?

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