Indian leader to retire in the summer

|By:, SA News Editor

Indian Prime Minister Manmohan Singh will retire at the country's next general election, which is scheduled for the summer.

Singh, who has been in the job for a decade, said party ally Rahul Gandhi has has outstanding credentials to replace him. Gandhi is the son of assassinated PM Rajiv Gandhi and the Vice President of the Indian National Congress Party.

The Sensex is -0.5% while the USD-INR is +0.35% at 62.49 rupees.

ETFs: EPI, INDY, SCIF, PIN, INP, INDL, ICN, INR, INDA, INXX, SCIN, INCO, SMIN