Home / Business / Money / India resilient to $ rally, top favourite in EMs: Robeco

India resilient to $ rally, top favourite in EMs: Robeco

Even as the US Federal Reserve appears to not want to be “ahead of the curve” in terms of raising interest rates, the ongoing dollar rally stemming from the strength of the US economy is likely to impact other emerging markets such as Brazil or Russia more than India, Robeco Group Global CIO Hans Rademaker told CNBC-TV18 in an exclusive interview.

Even as the US Federal Reserve appears to not want to be “ahead of the curve” in terms of raising interest rates, the ongoing dollar rally stemming from the strength of the US economy is likely to impact other emerging markets such as Brazil or Russia more than India, Robeco Group Global CIO Hans Rademaker told CNBC-TV18 in an exclusive interview.

Rademaker is the head of the investment division of the Dutch asset management firm Robeco Group, which manages euro 238 billion, and also oversees its Indian joint venture, Canara Robeco AMC, which has about Rs 7,000 crore in assets under management.

Speaking to Latha Venkatesh and Sonia Shenoy, Rademaker said India was his “top favourite” among emerging markets even as he was positive on developed -market equities.

“India is shielded from the dollar strength,” he said, attributing the rupee’s resilience to steps the Narendra Modi government has taken since coming to power last year to kickstart growth.

The Reserve Bank of India appears confident about the Modi administration, he said, pointing to the interest rate cut the central bank executed two days after the government presented its annual budget.

Leave a Reply

Scroll To Top