Traders are betting India’s record-breaking stock rally still has legs, fueled by expectations of continued dovish monetary policy even as inflation fears deepen. That has dented returns from traditional sources such as bank deposits and sent individual investors to stock trading for juicier gains. Indeed some equity markets have taken a hit after a hawkish turn by their central banks. In South Korea, where the Bank of Korea signalled policy normalization this month, stocks declined by more than 1% in July. Growth is still considered a priority by the central bank even as new local Covid-19 cases slow.

Source: Mint July 24, 2021 02:26 UTC