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Rajeev Agrawal of DoorDarshi India Fund suggests Indian markets remained resilient due to India's calibrated response to a terrorist attack and a healthy economy. Strong PMI numbers and reasonable valuations contribute to a positive outlook. A strong rupee and anticipated government infrastructure spending are attracting foreign investors back to Indian equities, shifting the narrative from China.
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Following Indian military strikes on terror targets in PoK and Pakistan's Punjab province, a top US military commander stated that the US is closely monitoring the situation. This response follows India's Operation Sindoor, a retaliation for the April 22 terror attack.
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Local media reports say the US will strike a trade agreement with the UK, citing sources.
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News and Media
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