 "SAION MUKHERJEE")
The markets have been gaining ground amid a weakening rupee over the past few weeks. SAION MUKHERJEE, head of India equity research at Nomura, tells Puneet Wadhwa that though it seems unlikely that just the current rupee depreciation can trigger a sell-off, a substantial depreciation leading to higher inflation/monetary tightening could hurt growth, and hence markets as well. Edited excerpts:
Where do you see the frontline benchmark indices a year from now?
Our June 2019-end target for the Nifty50 is 11,892. The key threat to the India story includes risks to valuations coming from the possibility of an emerging markets sell-off due
