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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
Indian benchmark shares recorded their worst monthly performance since March, weighed down by rising oil prices and expectations of continued interest rate hikes by global central banks. The pressure triggered foreign investor outflows from Indian equities, with investors turning cautious on emerging markets as global borrowing costs climb and energy costs add to inflation concerns.
Why now: Global rate-hike fears and surging oil prices are driving foreign money out of Indian equities, rattling investors.
Evidence
- India benchmark shares log worst month since March as oil, global rate hikes spark outflows · Reuters
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