Lenders will be forced to sell dollars in the onshore market to unwind bets to comply with the rule, potentially sparking sharp gains in the rupee when trading resumes on Monday, the people familiar ...
Former Raymond Group chairman Vijaypat Singhania passed away in Mumbai on Saturday evening at the age of 87, his family said.
Western banking giants like Citibank and Deutsche Bank are scaling back or exiting India's retail segment due to low margins and hyper-competition.