India valuations hit 6-year low, but stocks still expensive than EM peers

India valuations hit 6-year low, but stocks still expensive than EM peers

Mumbai: India's equity valuations are at their lowest levels in six years following the recent market decline sparked by a slew of factors, including foreign selling, a weaker rupee, higher crude prices and rising US bond yields. But that may not be reason enough for overseas investors to reverse their pessimistic view, as stocks here, despite coming off their highs, remain more expensive than their emerging market (EM) peers.The dollar-denominated MSCI India Index trades at around 18.5 times i…

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