The Reserve Bank likely sold dollars via state-run banks after the rupee slid to a record low, dealers said. The intervention was spotted when the rupee hit 59.90.
A liquidity squeeze by Fed if US economy grows will reduce the flows that were coming to EMs like India, making stocks with high FII holding vulnerable.
Make sure you pay as much down payment as possible to finish a loan as soon as you can. This is one of the simplest steps one can take towards a good repayment track record.
According to reports, Commerce and Industry minister Anand Sharma has made an offer to the EU to slash the import duty on spirits and wines to 40 per cent from 150 per cent currently.