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Tài Xỉu:India’s stocks have yet to feel tight money

Tài Xỉu:India’s stocks have yet to feel tight money

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,Changing contours: A security guard at the entrance of the RBI in Mumbai. The central bank has raised its policy interest rate by 1.9 percentage points since May. Yet, the local stock market is still not exposed to the full force of the move. — AFP

INDIAN equities typically command a premium.

Even now, when investors are nervously marking down their estimates of corporate earnings in emerging markets, they continue to believe that the South Asian nation’s firms will garner reasonably healthy profit growth.

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