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If Europe sneezes, India could catch a cold
The ‘risk-on’ party is over. After a dream run, equity markets are back to staring at a renewed crisis in Europe. At the start of the calendar year, a semblance of normalcy returned to the euro zone after the member states signed a pact on fiscal discipline. This was followed by the European Central Bank infusing $1 trillion through a Long-Term Refinancing Option (LTRO) into the banking
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