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In Wipro, TCS, LTIMindtree and Infosys, FII stakes are 2-3 percentage points below the peak holding during rate hike cycle. For Tech Mahindra, the difference is as wide as 9 percentage points. With rate cycle turning, the view is big deal wins will soon resume from large clients
Gains following a late-cycle rate cut have been light compared to when the Fed cuts in the middle of a business cycle, Morgan Stanley's Mike Wilson writes.
With the rate cycle drawing to the end, an end to rate hikes might boost the case for foreign equities in an ETF like IDOG.
Two senior Federal Reserve officials consider skipping an interest-rate hike in June to assess the US economy.
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