The Star Late Edition

Indian equities hit by EU crisis


India’s bid to lure overseas capital by loosening curbs on stock investment­s might be undermined by Europe’s debt crisis, according to a strategist who predicted a year-end drop for the nation’s equities. “This is a desperate attempt by the government to bring dollar flows to stabilise the rupee,” said Indrajit Sen, a Mumbaibase­d derivative­s strategist at Fortune Financial Services India. “Overseas retail investors may not invest aggressive­ly.” – Bloomberg

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