S&P downgrades India outlook to Negative from Stable

Standard and Poor (S&P), the foreign rating agency, has revised India outlook to negative BBB- Rating due to slowdown in investment and economic growth and widening of CAD.

The Indian Stock Markets reacted negatively to the news and fell around 1% from previous day close.
Nifty breached 5200 levels while Sensex is just hovering around 17000 levels.

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