Rupee may hold steady on risk aversion in markets, gains in regional peers; USDINR to trade with positive bias

The Indian Rupee is expected to trade steady on Thursday amid risk aversion in global markets and expectations of recovery in US Dollar. The domestic currency may track gains in regional peers as China’s stimulus plan bolsters the outlook for Asian economies. Read More …

Banking sector at enormous risk of asset-liability mismatch: Pronab Sen

India’s banking sector is faced with the predicament of a “massive asset-liability mismatch” that could explode anytime, adding that there is a need to reassess laws governing the industry, renowned economist Pronab Sen said. Sen said “that explosion” has not Read More …