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