Nifty to S&P500 ratio.
This used to stay below or around the 4 range between 2014-2022. Given it’s sustaining > 4 presently, either I am bearish on Indian equities (short term ofc), or bullish on U.S.
Base currency for the world is USD. Foreign investors have lost 10% in Indian investments due to depreciation. Whether they hedge through currency futures is a different story.
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