India’s rupee faces potential record lows against the dollar, possibly exceeding 100, if the Iran war escalates. Analysts warn that elevated oil prices will worsen inflation and the current-account deficit, while central bank measures may only offer temporary respite. Market pricing suggests further losses are likely.
Bajaj Finance, Bajaj Finserv shares fall up to 5% on RBI’s new proposal for NBFCs
Shares of Bajaj Finance and Bajaj Finserv fell sharply after the RBI proposed restricting NBFCs to offering only term loans, effectively barring revolving credit products.