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Coutts retains overweight on Indian equities despite uncertainty

While Coutts remains overweight in Indian equities, the British wealth manager has urged investors to be selective, amid a volatile market coupled with reform uncertainty. In a report, the Swiss private bank recommended looking into Indian banks, particularly private sector banks and select state lenders with lower ratios of non-performing assets, and autos. These two sectors aside, a possible 7-10%…

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