In an interview to CNBC-TV18, Stear says India has done well over the last 6-12 months in terms of monetary governance relative to its emerging market peers and Rajan has aided this.
Guy Stear of Societe Generale CIB gives his views on the uptick seen in the global markets
The Fed's commentary today with respect to how it wants to balance relatively strong domestic conditions in the US with volatility seen in global markets will be key, says Guy Stear of Societe Generale.
Guy Stear, Head of Credit Research and Emerging Markets Strategy of Societe Generale says that says that investors jittery about the US Federal Reserve possibly hiking rates this month itself despite the turmoil in global markets.
Speaking to CNBC-TV18, Guy Stear of Societe Generale CIB says India‘s problem is that Fed‘s interest rate cut and a stronger dollar would raise questions on the ability of companies paying back in dollars.
On FY14 earnings growth estimates, Ridham Desai of Morgan Stanley expects Sensex companies to grow over 14 percent year on year, higher than consensus expectation.