Indian stocks (EPI -0.7%) hit seven-month lows as investors dump shares ahead of earnings season...

|By:, SA News Editor

Indian stocks (EPI -0.7%) hit seven-month lows as investors dump shares ahead of earnings season which kicks off Friday. The Asian Development Bank and separately UBS today cut their forecasts for the country's economic growth to 6% and 6.5% respectively. Last year's 5% growth rate was the lowest in 10 years. India's central bank meets Friday and may cut rates for a third time this year.