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● Neutral for Indian equities
Employers start festive hiring early, look to retain workers beyond peak
The brief
- Nearly seven in 10 employers began or expect to begin festive hiring by September
- 74% expect to retain at least 10% of seasonal hires beyond the peak
- Paintmakers expect a brighter Diwali, but crude prices cloud the outlook
- Banks may deploy FCNR(B) liquidity as festive-season credit demand rises
- India cuts import duties on edible oils to ease prices ahead of festivals