With a meaningful correction that has happened over the last week, spilling over to the first week, at International Money Matters Pvt. Ltd. we remain net buyers of equities and consequently we are now close to being fully invested. It also means that any further correction will definitely be a further opportunity to enter at attractive levels in frontline stocks.
On the currency, in our opinion whatever might happen in the short term with USD/INR movement, over the next 1 year the Rupee seems to be headed for a moderate strengthening from current levels, based on current fundamentals of asset market as well as pure demand supply driven.
For those of you with funds in the US, it would make sense to bring atleast a portion of this into India over the coming months.