Federated Hermes Says Indian Stocks Battling a ‘A Perfect Storm'
'We are in a wait-and-watch mode,' said Bhutoria, who manages about $2.7 billion in assets across emerging markets. 'In a way, India is in a perfect storm: slowing growth, tight liquidity, a weakening rupee, foreign outflows on dollar's strength, weak earnings, and high valuations.'
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