Sundaram’s Rajesh Says India Rates Increases to Hurt Growth

Srividhya Rajesh, a fund manager at Sundaram Mutual, comments on the outlook for Indian stocks. Chennai-based Sundaram manages $3.3 billion in assets. She spoke in an interview in Mumbai today.

The Reserve Bank of India increased the benchmark repurchase rate by half a percentage point to 7.25 percent yesterday, the biggest move since July 2008, and Governor Duvvuri Subbarao forecast the economy may grow about 8 percent in the year through March from 8.6 percent in the previous year.