✉news BusinessMarkets first seen 3 h ago, last 51 min ago, peak #5
India shares post worst month since March on oil and rate fears
Original: India benchmark shares log worst month since March as oil, global rate hikes spark outflows
India's benchmark share indices recorded their worst monthly performance since March, with rising oil prices and expectations of further global interest rate increases prompting foreign investors to pull money out of Indian equities. Market watchers say the combination of higher crude costs, which pressure India's import bill, and hawkish central banks abroad has driven sustained outflows and weighed on sentiment.
Why now: Rising oil prices and expectations of more global rate hikes are driving foreign outflows from Indian equities.
Rank over time, top of the chart is #1. 3 snapshots from 3 h ago to 51 min ago.
Evidence
- India benchmark shares log worst month since March as oil, global rate hikes spark outflows · Reuters
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