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First Outflow Flush Hurt India: Aditya Narain

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September 16: Fed QE tapering is likely to start by October, with an initial reduction of $10-15 billion per month, says Aditya Narain, MD & India Equity Strategist at Citi. “The impact of the Fed statement will be less than expected given that US yields and money has moved both ways,” he says, adding that he now expects two-way flow ahead for India unlike in the last three months.