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HSBC downgrades India to 'underweight' on inflationary pressures from elevated oil prices
Source: Buzz FX / 23 Apr 2026 20:20:32 America/New_York
Mumbai: HSBC downgraded India to underweight from neutral - its second in the past two months - as inflationary pressures, fueled by elevated oil prices and demand pressures could weigh on earnings growth.
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