Henny Sender is a managing director at BlackRock in Hong Kong and a former Financial Times correspondent.
Opinion
Will rising U.S. interest rates tame India's bull market?
Competing forces set to provide drama and volatility in months ahead
The Bombay Stock Exchange building in Mumbai, pictured on Feb. 1: rising valuations and a buoyant market last year should hardly have come as a surprise given how much liquidity the Reserve Bank of India provided the markets. © AP
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