INSUBCONTINENT EXCLUSIVE:
By Gregor Stuart HunterIndian hedge funds had just caught a break in a lousy year when the shock exit of central bank Governor Urjit Patel
sparked a sell-off Tuesday
November, easily beating the average emerging-market portfolio which returned 1.6 percent, according to data from eVestment
India-exposed funds are the worst performing strategy of 2018, down 16.3 percent year-to-date, the data show.
The surprise resignation of
five state elections due to report results today
The rupee slid 1.2 percent against the dollar and the SP BSE Sensex Index lost 0.8 percent.
The Indian equity benchmark has fallen about 9
percent in dollar terms in 2018, hurt by negative sentiment toward emerging-market assets and higher oil prices.
