An LoC is a document that gives a degree of assurance that an obligation – like servicing of interest and repayment of a loan – will be ultimately met. But, unlike an irrevocable guarantee, an LoC is not a firm promise.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian equities extended losses for a fifth straight session, pressured by elevated oil prices and persistent FII outflows. Despite intraday recovery, sentiment remains weak amid