Time To Buy Not Sell India: Bill Maldonado
  • Elizabeth George
  • Sep 19 2013

September 19: We’ve been overweight on India for the past 12-18 months, and now is the time to be buying not selling India, says Bill Maldonado, CIO Asia Pacific at HSBC Global Asset Management. The rupee moves were panic-driven and overdone, he says, adding that RBI measures have worked to stabilise the currency. We’re also likely to see a big reduction in India’s CAD, which will work with cheap valuations and strong profitability of Indian companies to propel the markets forward, he says.