With stringent rules on IPO financing put in place by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi), these lenders are keeping market borrowings at a bare minimum.
Dollar advances vs yen as BOJ dissent clouds rate-hike outlook
Following the Bank of Japan’s decision to increase interest rates, the dollar saw a rise against the yen. Some policymakers expressed skepticism regarding further hikes,