First, our RBI Governor sprung a shocker by hiking rates and tonight, Bernanke, gave a fitting parting shot, extending the QE tapering further by another $10 billion. And this does not augur too well for the already weak Indian and other emerging markets. This also shows how much intertwined the entire globe is today though the pulse remains the US Federal Reserve. Today, what Bernanke says or does directly affects people as far away as India and China, Japan and all these emerging economies
