Indian Shares Tumble On Surging Oil Prices
Indian Shares Tumble On Surging Oil Prices
Indian shares hit a three-and-a-half week low on Monday as concerns
that rising oil prices may be a drag on worldwide growth prompted
investors to unwind long positions built up over the past few
weeks. Besides crippling domestic economic activity, the recent 10
percent rise in oil prices, if sustained,will hinder the RBI's
efforts to lower interest rates.view original article
