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Title: Jim Rogers Lauds Indian Central Bank's Rate Cut
Source: [None]
URL Source: http://www.moneynews.com/StreetTalk ... 01192015&s=al&dkt_nbr=lj5vzj4p
Published: Jan 19, 2015
Author: Dan Weil
Post Date: 2015-01-19 16:55:25 by BTP Holdings
Keywords: None
Views: 10

Jim Rogers Lauds Indian Central Bank's Rate Cut

Friday, 16 Jan 2015 09:59 AM

By Dan Weil

"I own Indian shares, but I am not overly optimistic on the India story. Prime Minister Modi has said a lot of good things. Unfortunately, he has not been producing any solid result yet."

Investors should learn to sell short, Rogers notes, "because over the next couple of years, selling short is going to be very profitable."

Indian stocks rallied the most in eight months Thursday, thanks to the rate cut. The S&P BSE Sensex index of Indian stocks has gained 34 percent in the last year.

Some market participants were more enthusiastic than Rogers. "The cut signals that the battle on inflation is broadly won," said Suyash Choudhary, head of fixed income at IDFC Asset Management in Mumbai, told Bloomberg.

"Positivity around Indian assets should continue, going forward."

Read Latest Breaking News from http://Newsmax.com www.Newsmax.com/Finance/R.../id/619007/#ixzz3PJ4ylrAV

Poster Comment:

Will the FED follow suit?

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