People familiar with the matter told ET that commercial banks have also suggested imposition of temporary curbs on imports of ‘non-essential’ goods, such as gold, to conserve dollars. An unabated surge in the dollar could prompt targeted interim measures from Mint Road.
D-Street sees new highs as Beijing homes in on mortgage rate cut
India’s key stock indices surged nearly 2% to all-time highs on Thursday, driven by China’s decision to cut interest rates on mortgages. The Sensex briefly
September 13, 2024