India's Stocks Are Hostage to Fed Rate Cycle, Mutual Fund Giant Says
S. Naren, executive director and chief investment officer of ICICI Prudential Asset Management Co., listens during an interview in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

India's Stocks Are Hostage to Fed Rate Cycle, Mutual Fund Giant Says

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(Bloomberg) -- For all the domestic drivers of India’s stocks -- from oil to elections to shadow banking shakeouts -- the U.S. Federal Reserve holds the most sway, according to the nation’s biggest...
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