Credit card issuances in India reached a seven-month high in August, driven by lenders like HDFC Bank and Axis Bank preparing for increased festive season demand. Nearly 700,000 new cards were issued, bringing the total active cards to 112.3 million.
Rupee flat on hopes West Asia truce will hold
The Indian rupee remained stable against the dollar as risk assets gained across Asia and Europe. Falling oil prices and expectations of a West Asian