Financial Times FT.com

Indian stocks at 6-week lows

Dave Shellock

Published: October 27 2009 07:45 | Last updated: October 27 2009 15:54

Indian stocks fell to their lowest levels for six weeks on Tuesday as markets across the region suffered hefty falls amid broad concerns about the withdrawal of economic support measures.

The Reserve Bank of India put the markets on notice to expect monetary tightening soon as it warned of asset bubbles and inflation. It also raised the proportion of deposits that banks have to invest in government bonds.

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