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August 8, 2011 / Reuters, Mumbai / DC.
Goldman Sachs on Monday upgraded India to 'market weight' from 'underweight', given a likely turn in the macro cycle, lower oil prices, lower valuation, and policy reform.
"The latest move by the RBI to raise the repo rate by 50 basis points was a clear sign in our view that the central bank is vigilant in bringing down inflation expectations," Goldman said in a note.
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