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BNP Paribas WM: India’s tax cuts to boost investor sentiment

The unexpected tax cuts in India will go a long way in supporting investor sentiment, according to BNP Paribas Wealth Management. “The tax cut can improve investor sentiment given the selling by foreigners in the past few months and high cash positions in domestic funds,” the bank said. “Valuations are more attractive in India after the sell-off with MSCI India…

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