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A bumpy ride?

India's policy makers will need to respond to US Fed

Business Standard Editorial Comment  |  New Delhi 

The Indian stock market posted its biggest single-day gain on Wednesday as the BSE’s benchmark index, Sensex, gained over two per cent. The smart rally was attributed to the prospects of good rains and a marked improvement in the global perception of how the Indian economy is likely to fare in the coming months.

This is, however, in contrast to other signals that have emanated in the last few days. For instance, the release of the minutes of the last meeting of the United States’ Federal Open Market Committee has set off alarm bells across the world's markets. It appears that ...

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First Published: Wed, May 25 2016. 21:42 IST
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