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RBI Moves Weakening Growth Outlook

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July 24: HDFC Bank’s Ajay Marwaha says there was a massive outflow from debt markets as investors moved money to the US on hopes of a recovery there. “However, the recent measures are putting pressure on equities, which will only exacerbate outflows. The simple cost of funding is also expected to rise, which, in turn, will hamper economic growth,” he says.