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India Weekly Recap

|Includes:EPI, INDY, iPath MSCI India Index ETN (INP)

The Nifty continued its slide, down -1.98%. Some of the beaten down sectors staged a dead-cat bounce. The new RBI governor is likely to follow Brazil and Turkey in hiking short-term rates to stabilize the currency and tame inflation. Meanwhile, overly leveraged business are going to take a hit. Not to mention the worsening of the payment situation in the infrastructure and real-estate sectors.

Read more: Weekly Recap: I don't know

Stocks: INP, EPI, INDY