Government spending crucial, hope it does not pursue aggressive tightening, says Canara Robeco AMC’s equity CIO

With demand weak, private capex subdued, and household incomes seeing limited growth, the government spending remains crucial, said Shridatta Bhandwaldar, chief investment officer-equities at the company. The previous budget marked a pivot towards consumption and revenue expenditure, and this one should avoid further tightening, he said, adding that defense capex is also expected to rise…

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Indian rupee to fall 2% to 92 in three months, predicts UBS, expects short-lived US trade deal relief

UBS Investment Bank expects the Indian rupee to weaken to 92 per US dollar by March, making the case that any relief from a potential US–India trade deal announcement would likely be undermined by the central bank replenishing foreign exchange reserves. From near 90 per dollar levels currently, UBS’s forecast implies a roughly 2% depreciation…

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