With demand for credit remaining strong, banks have been looking to tap the bond markets and raise funds to finance the loan growth. As on November 17, bank credit growth was at 20.6% YoY while deposit growth was at 13.6% over the same period, latest RBI data showed.
Rupee hits 3-month low as crude surges, US bond yields breach 5%
The Indian rupee reached its weakest point in three months on Tuesday. This depreciation occurred as Brent crude oil prices surged past $108 per barrel.