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“The domestic consumer space is muted on the rural side, doing quite well on the urban and especially higher on the luxury segment. That is where the positioning will be for any portfolio, by and large, domestic focused, especially on the higher end of the consumption curve. The current positions are very overweight in terms of defence, railways and government infrastructure. ” ....
Oil prices have surged after Russia declared war on Ukraine. With further supply constraints supporting higher prices, inflationary pressures continue to rise. ....