BackLIC may invest Rs60,000 crore in Indian equities in FY15
The RBI holding rates is positive for the economy, LIC chairman S.K. Roy says
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Life Insurance Corp. (LIC) of India chairman S.K. Roy is positive about Indian stocks, according to an interview with TV channel ET Now on Tuesday.
Roy says LIC’s 2014-15 equity investments are seen at ₹ 60,000 crore.
“I see further upside for market in FY15," Roy tells ET Now.
He adds that LIC’s overall investments in 2014-15, including outside of equities, may cross ₹ 3 trillion.
Roy also says he does not see the impact of poor monsoon on the economy, and adds that the Reserve Bank of India (RBI) holding rates is positive for markets.
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Published: 06 Aug 2014, 01:23 PM IST
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