Global Banks Target Indian Investors

The bull market is on hiatus, but that hasn't deterred the likes of HSBC, BNP Paribas, and ABN Amro from moving into retail brokerage

The Indian economy is getting hammered. Since January, the rupee has weakened 9%. The stock market capitalization (BusinessWeek.com, 1/22/08) has shrunk 32% and is currently hovering at its lowest level since June of last year. Inflation, at 11%, is at a 13-year high. At least in the short term, the India growth story is seriously in danger.

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