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20.01.26 - 22:12
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Rupee feels geopolitical heat, breaches 91 level against $ (Times of India)
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The Indian rupee dipped to a one-month low against the dollar on Tuesday, closing at 90.98. This marks the fifth consecutive session of weakening, fueled by escalating geopolitical tensions and a downturn in domestic equity markets. Despite efforts to prevent a record low, persistent dollar demand and global uncertainty continue to pressure the currency....
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19.01.26 - 15:36
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Axis Bank CEO Chaudhry on Banking Consolidation, Rupee Performance (Bloomberg)
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Axis Bank CEO Amitabh Chaudhry said he believed a wave of consolidation is coming to India's banking sector, and noted that India needed 8 to 10 large banks to support its economic development. Speaking to Bloomberg TV's Haslinda Amin, he also commented on the rupee's underperformance, saying there was capital rotation to China and other markets driven by a perception that India was lagging on AI development. But he also expressed optimism that upcoming fiscal and regulatory reforms would stabilize the currency. (Source: Bloomberg)...
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