Indian valuations are higher and the higher they go, the harder they fall. Photo: Subrata Jana/MintThe Indian stock, bond and forex markets have all been falling together. True, global markets too have been nervous, what with the US Federal Reserve deciding to start shrinking its balance sheet, and geopolitical tensions. One reason is simply that Indian valuations are higher and the higher they go, the harder they fall. But another reason is the sudden souring of sentiment on India’s macro story.

Source: Mint September 28, 2017 01:41 UTC