As per the India Stock Blog
The Rupee is fundamentally weak, but has been propped up by overly positive sentiments of Foreign Institutional Investors (FIIs), which are now moderating…
Factors weighing on the Rupee:
Trade and Current Account Deficit
On the surface it would appear that oil would be the cause of the widening trade deficit. But non-oil imports [...]
Posted in Banking, Business, Fiscal policy, Monetary policy, Trade | 11 Comments »
The BBC reports
A bank in India has decided to publicly shame defaulters in order to recover outstanding loans. Employees of the Urban Co-operative Bank in the eastern state of Orissa have begun staging noisy demonstrations outside the home of defaulters.
Armed with posters, they kicked off the loan recovery drive outside the homes of [...]
Posted in Banking | 9 Comments »
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