A trade deal with the US is important as it could lead to a foreign fund inflows. (Photo credit: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

BofA India Research Head Amish Shah reiterated the visibility of an upside is more certain for Indian markets. The brokerage has forecasted 11% upside for Indian markets in the current calendar year as the math is turning favourable for India.

A trade deal with the US is important as it could lead to a foreign fund inflows. Historically, when the US dollar depreciates, and the US Federal Reserve reduces rate, flows turn in the favour of emerging markets. In the lower interest environment, investors try to look outside for better opportunity in the emerging markets, he said in an interview to NDTV Profit.

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