Financial Times (January 25)
2011/ 01/ 26 by jd in Global News
Inflation in India is taking a toll on the stock market and causing foreign investors to rethink their exposure. Who would have guessed “that a rise in the price of onions would put a brake on the stellar growth of India’s stock market”? To battle food price inflation, the Reserve Bank of India has raised interest rates seven times during the past year. As a result, investors are now worried that “high inflation in India could threaten its economy.”
