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Market move● Neutral for Indian equities
Swiss National Bank’s Schlegel watching hot weather impact on food price inflation
- Import duty cut on sunflower oil has a significant Russian backdrop
- Triple shock rattles India’s FMCG basket as 68% of categories lose volume
- Macro headwinds, rising input costs impact FMCG volumes in June quarter: NIQ
- India cuts edible-oil import duties ahead of festivals
- Edible oil duty cut may put 8% retail price hikes on hold