INDIA If you had to point to one lucky month for India this year, then September would be it. The US Federal Reserve cut interest rates by 50 basis points in the middle of the month, coinciding with the Indian cricket team’s first victory for some time in a big international tournament – beating neighbours Pakistan in the final of the Twenty20 World Cup.
With the benchmark Bombay Stock Exchange Sensex index soaring in response to the rate cuts, local newspapers could not resist drawing the obvious parallels with the cricket.
