Home / Finance / News / Chris Wood sees 100 bps cut in repo rate; hikes allocation in Axis Bank

Chris Wood sees 100 bps cut in repo rate; hikes allocation in Axis Bank

The central bank has already slashed the repo rate by 75 bps since December 2018 when Shaktikanta Das took over reigns from Urjit Patel as the RBI governor

Web Exclusive Premium

File photo of Christopher Wood, global head of equity strategy at Jefferies

3 min read Last Updated : Jun 28 2019 | 10:45 AM IST

The recent developments in the Indian financial sector have made even global investors sit up and take notice. Christopher Wood, global head of equity strategy at Jefferies has done away with his holding in IndusInd Bank in his Asia ex-Japan long-only portfolio, and upped the existing investment in GRUH Finance (by 1 per cent) and Axis Bank (2 per cent).

That apart, Wood believes that the Reserve Bank of India (RBI) still has room to cut the repo rate by another 100 basis points (bps), or 1 per cent. The central bank has already slashed the repo rate by 75

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in