Monday, April 7, 2008

'In the short term, interest rates are likely to remain firm with an upward bias'

‘Start making staggered purchases right away’

Despite the current correction denting investor morale and making the turnover on the bourses plunge, Mr Sudip Bandyopadhyay, Director and CEO, Reliance Money believes the Indian economy will cruise along steadily, albeit at a slower pace.
He advises long-term investors to buy blue-chip stocks while holding 15-20 per cent in cash to capitalise on opportunities that could emerge in the future, during a brief interaction with Business Line over phone. And we continue the conversation with Mr Bandyopadhyay through email.


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