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Strategies & Market Trends : India Stocks
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From: Julius Wong8/10/2011 7:28:29 AM
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Oil Drop, Export Growth to Boost India Economy, HDFC’s Prashant Jain Say
By Rajhkumar K Shaaw - Aug 10, 2011

A drop in commodity prices may help lower borrowing costs in India, and increasing competitiveness of the country’s exports against China will quicken economic growth, the nation’s second-biggest money manager said.

“Lower prices of oil in particular and other commodities in general could trigger a reversal in the trend of rising interest rates,” Prashant Jain, chief investment officer at HDFC Asset Management Co., which manages $20 billion in assets, said in a note to investors.

bloomberg.com
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