Overall, in the banking sector, there could be a trading play as liquidity may improve post RBI policies in 2025, maybe interest rate cut.
While tariffs have been worse than Trump’s first term, they have not been as bad as expected. Repeated reversals on Canada/Mexico policy and ambiguity on
We see the ripple effects of this slowdown impacting corporate earnings. This slowdown we believe is cyclical in nature and there are already some initial
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