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Apr 19, 2014
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For FIIs, India is the best in EM basket
That "the darkest hour of all is the hour before the dawn" is an old Irish saying, meant to inspire hope under adverse circumstances. The proverb fits the trajectory of Indian markets and foreigner investors' attitude towards the country over the past year. Around a year ago, when the rupee began to depreciate in May 2013 amidst poor macroeconomic fundamentals and monetary tapering by the US Federal Reserve, it seemed that India had lost the economic plot and risked becoming an untouchable among emerging market (EM) peers.
Source -
http://www.business-standard.com
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