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India Must Avoid Downgrade, Stabilise Rupee: John Woods

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September 13: Citibank Chief Investment Strategist John Woods says India’s credit rating is a major concern for FIIs. The markets have already priced in a possible downgrade, he says, but the slow descent into stagflation is worrying. “Seeing sustainable reform policies for the banking sector and improvements in tackling the twin deficits will definitely reverse FII opinion,” he adds.