bofa: BofA Global Research no longer expects Fed rate hike in Dec
The brokerage had previously forecasted a final 25 basis points hike.
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The brokerage had previously forecasted a final 25 basis points hike.
The dollar index inched up to 105.36, having dropped to over a month's low on Monday, and the 10-year U.S. Treasury yield was at 4.64%, about seven basis points higher than Monday's low.
Investors regain confidence in US stock market as Treasury yields decline and Federal Reserve signals end of rate hike cycle.
“India's overall leverage is very low and has sort of stagnated over a decade. I would not be surprised if we do not make any major macro mistakes as a country. I would not be surprised if leverage goes up quite sharply from here or next 10 to 15 years time.”
Foreign banks and private credit funds are queuing up to fund acquisitions by Indian companies who are buying out their local rivals. The Adani Group, Torrent Group, and the Hindujas have approached several foreign banks and private equity (PE) firms to fund their acquisitions. Global investors have about $2 trillion of funds to invest, and about $100 to $150 billion is set aside for India, according to an estimate by JP Morgan.