In India I do not see the rate hike risk right away and if there is a marginal increase, that does have an impact on the PE. In India, I do not think we will raise rates in a hurry and that is my outlook. In that case, could there be currency pressure, especially since rupee has been in a range for a long time? So, one has to be super careful when you are buying very high PE stocks in any case. But said I do not see a very big move, at least in India, for some time given all our growth concerns.

Source: Economic Times October 26, 2021 02:02 UTC