The Indian rupee had been holding regular in a band between 83 and 84 over the previous 12 months. However the tranquility has been damaged by Donald Trump’s victory within the US presidential elections. Expectations of pro-corporate and pro-US insurance policies have taken the greenback index larger, making use of stress on all EM currencies. However the rupee has misplaced much less floor in contrast with currencies of different rising economies resembling Russia, Brazil, Turkey and Mexico. A cordial relation between Trump and PM Narendra Modi and the RBI’s lively intervention within the foreign exchange market has saved the day for the rupee to this point
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Lenders cannot levy pre-payment charges on floating rate loans, advances granted for business purpose to individuals, MSEs: RBI
FILE PHOTO: The Reserve Financial institution of India (RBI) emblem is pictured exterior its head workplace in Mumbai November 2,...
