New Delhi, Nov. 11 -- India's domestic growth cycle may be nearing its trough, with improving macroeconomic conditions likely to strengthen momentum in the coming months, according to a report by HSBC Mutual Fund (MF).

The fund manager noted that easing interest rates and liquidity pressures, falling crude oil prices, and a normal monsoon are expected to support a pickup in economic activity.

"The growth cycle in India may be bottoming out. Interest rate and liquidity cycles, a decline in crude prices, and a normal monsoon are all supportive of a pickup in growth going forward," the report said, reported ANI.

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