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While he cautions that equities may face pressure and deliver subpar returns in the near term, he believes the current environment presents a rare window for bargain hunters to accumulate high-quality stocks at reasonable valuations.
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These and other planned initiatives follow a directive by finance and corporate affairs minister Nirmala Sitharaman to take swift remedial measures amid complaints of delay in transfers, according to people familiar with the matter.
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The US Treasury is considered among the world's top safe-haven assets, as investors usually pile up these American government bonds in times of crisis as part of their shift to safety. The purchases lead to a fall in yields on the US Treasury and the dollar strengthening.
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