Samir Arora highlights that foreign institutional investors rarely profit from Indian IPOs due to allocation limits, currency conversion losses, funding costs, and volatile rupee, despite massive oversubscriptions.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise