Nandan Chakraborty, ENAM said that, "China increased reserve ratios for banks & such tightening is theoretically positive for India as it tends to eventually slap down prices of commodities, including crude. However, in the short-term, it milks away global fund allocations to the US from EMs. Expect some pain over the short-term, but in the medium-term you will see gains. All eyes are now on the budget next week."
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