Nearly all the BRICs are in tightening mode after the Reserve Bank of India moved to shore up...

|By:, SA News Editor

Nearly all the BRICs are in tightening mode after the Reserve Bank of India moved to shore up the rupee by jacking up interest rates 200 bps to 10.25% and commencing government bond sales to further drain liquidity. The Sensex fell 0.9% overnight. Indian ETFs to watch: EPI, INDY, PIN, INP, INDA, INXX, SCIF, SCIN, INDL.