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What does lower interest rates and lower inflation mean for market valuations right now? Nilesh Shah explains
Nilesh Shah explains: "Lower interest rates in India are unlikely to benefit India Inc. due to low leverage, but they do help on the valuation side, leading to higher equity market valuation. Concerns remain about India's premium valuation, but if local interest rates decrease, valuations will be re-rated, potentially pushing rating agencies to upgrade India's rating."