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🌏 India's April CPI prints at 3.4%, and every other macro variable is pointing the same direction

🌏 India's April CPI prints at 3.4%, and every other macro variable is pointing the same direction

India's April CPI came in at 3.4% year-on-year, 60bps below the RBI's 4% target. The repo sits at 5.25% after 125bps of cuts. Add a weak dollar, a new trade deal, and Goldman's 6.9% growth forecast, and the EM re-rating argument writes itself.

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