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Deutsche Bank WM: Long-term positive but tactically neutral on India

India’s GST reforms may have successfully passed the parliaments’s upper house and the macro outlook remains robust, but Deutsche Bank Wealth Management, while positive on the long-term prospects for Indian equities, does not expect smooth sailing over the short-term due, citing uncertainty over the implementation of the tax reforms. GST rate will be key India: long-term positive, tactically neutral; INRUSD…

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