Lenders have formed a consortium led by SBI to create a uniform debt resolution plan for RINL, which has been operating at one-third capacity. SBI Capital Markets is preparing the plan. RINL has missed payments and was downgraded to default category, but received a Rs 1,650 crore infusion from the government recently.
Dollar at more than two-week high versus yen as trade war intensifies
The dollar strengthened against the yen following President Trump’s tariff announcements on Japan and other trade partners, though previous tariffs initially weakened the dollar. Uncertainty