Reduced India From Overweight To Neutral: StanChart
  • Ekta Tibrewal
  • Sep 02 2013

Robert Aspin, Head Equities Investment Strategy at Standard Chartered Bank, cites currency weakness and volatility-driven CAD issues as reasons for the downgrade. Moreover, government has been unable to curb rupee volatility and CAD; India must make it easier to invest in markets, he says. “Banking stocks offer good value to long-term investors, while IT stocks are good in the short term,” he adds.