The Indian rupee fell to a new record low, pressured by outflows from the nation’s stocks and bonds on delays in securing a deal with the US to cut tariffs.
The Indian rupee fell to a new record low, pressured by outflows from the nation’s stocks and bonds on delays in securing a deal with the US to cut tariffs.
Rupee banknotes counted at a currency exchange in New Delhi. Photographer: Prakash Singh/Bloomberg
Indian pension managers have countered an industry regulator’s proposal aimed at shielding the $175-billion industry from bond volatility, saying it could distort fund values, according to people familiar with the matter.
Indian pension managers have countered an industry regulator’s proposal aimed at shielding the $175-billion industry from bond volatility, saying it could distort fund values, according to people familiar with the matter.
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