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See Fed hike rates in Sept; bullish on India: Macquarie

Richard Gibbs of Macquarie Securities expects India to be a greater beneficiary of capital inflows and expects the growth differentiation between India and China to widen further.

Richard Gibbs of Macquarie Securities believes the US central bank’s removal of a reference to being “patient” on rates from its policy statement has pushed the rate hike to as late as September.

In an interview to CNBC-TV18, Gibbs says the Fed is focusing on price stability and full employment.

Furthermore, he expects India to be a greater beneficiary of capital inflows and expects the growth differentiation between India and China to widen further.

Transcript to follow soon.

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