 "Reprieve for India as MSCI keeps mainland China out of global indices")
An index mapping the country’s short-term financial conditions has plunged over 12 points for the fourth quarter of the current fiscal year ending March 31, as compared to the previous quarter.
The CII-IBA Financial Conditions Index stood at 53.2 for the fourth quarter (Q4) of 2017-18 as against 65.3 in the October-December period.
However, the external financial linkages index and economic activity index have shown an improvement in the ongoing Q4 vis-a-vis the previous quarter, while there has been a compression in the cost of funds index.
The index in the current January-March quarter has shown an improvement on a
