Indian equities markets poised for a 2026 rebound as rupee weakness eases next year, says ANZ's Yetsenga

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While a consensus has emerged for a 25 basis points rate cut by the US Federal Reserve, the broader US economic picture suggests further easing may be a longer-term prospect, according to Richard Yetsenga, Group Chief Economist, ANZ Research. Speaking with CNBC TV18, Yetsenga noted that the market's conviction has shifted only recently, and the equity rally remains largely an artificial intelligence-related story, separate from the macroeconomic fundamentals.

Yetsenga pointed to underlying challenges in the US economy, including issues stemming from tariffs, softer activity numbers, and a clear downward trend in hiring. "Inflation still seems like it's a little bit sticky up towards 3%," he ob