As Oil Falls, Indian Equities May Rise

As we approach the end of 2014, one of the year’s biggest stories has been the declining price of oil. On June 20, 2014, Brent was at nearly $115. On November 13, 2014, it fell below $78, a cumulative decline of over 32%.1 Through November 13, 2014, India’s equities, measured by the BSE Sensex, had...