Quote On Fed Meeting Expectations By Suman Bannerjee,Hedonova
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Below Quote On Fed Meeting Expectations By Suman Bannerjee, CIO, Hedonova
Money moves away from emerging markets when US rates are higher. The 30 years US Treasury bill is set to return 4.5% after the coming rate hike. For institutional investors, it does not make sense to keep money in Indian equities, which are already richly valued, has a weak currency, and high inflation. Money will move out of Indian equities and into US treasuries causing a significant drop in Indian equities.
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