Indian Stocks Fall After Central Bank Raises Interest Rates
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India’s benchmark stock index fell, snapping seven days of gains, after the central bank raised borrowing costs more than expected. Exporters led the decline as the rupee appreciated against the dollar.
Infosys Technologies Ltd., the nation’s second-biggest software exporter, fell 2.9 percent. Tata Consultancy Services Ltd., the largest, slid 2.1 percent. India’s software exporters get at least 60 percent of their sales abroad.