FII flows into India may take a hit in short-term: Kenneth Andrade

While we remain an economy, which has its own strengths and weaknesses, capital flows remain democratic and in the near term they will behave in a synchronous manner

As equity markets digest the US Federal Reserve’s sudden shift in policy stance, KENNETH ANDRADE, Founder & Chief Investment Officer at Old Bridge Capital Management tells Nikita Vashisht that capital flows in the near-term will be in sync with global trends. Edited excerpts:

How concerned should the markets and investors be regarding the impact of the recent US Fed meeting outcome? Do you see a gradual correction over the next few months as a result?

There has always been a correlation of equity valuations with interest rates, so in the normal process, asset markets should get impacted if rates rise.