India’s foreign exchange reserves reached a new high of $689.235 billion at the end of September 6, according to the Reserve Bank of India. This marks the fourth consecutive weekly increase, with reserves rising by $5.248 billion in the last week alone. The rise is attributed to healthy dollar inflows and appreciation in other global currencies.
Gautam Duggad sees PE re-rating potential in 2 sectors; likes largecaps & may raise weight in Reliance
Gautam Duggal, Head of Research at Motilal Oswal, sees limited PE re-rating potential, primarily in large-cap financials and capital market stocks. He favors earnings visibility
December 23, 2024