Fitch upgrades India's outlook to stable, affirms BBB- rating

In what may serve to be a big boost to investor sentiment, Fitch ratings has upgraded India's outlook to stable from negative. The international ratings agency has affirmed India's credit rating at BBB-. Fitch expects the country to meet its FY14 fiscal deficit target of 4.8%. According to Fitch, inflation pressures have begun to show pronounced signs of easing.

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