The index tracking the rupee’s value against a weighted basket of 40 trading partners, adjusted for inflation, climbed to 107.33, its highest level since December 2017, according to Reserve Bank of India data.
The Indian rupee strengthened for the third consecutive day, closing at 94.56 against the dollar. This rise was driven by retreating oil prices following a
Banks’ loan loss provisioning hit a 12-quarter low in March 2026, driven by private sector banks amid improving asset quality and recoveries. Overall provisioning dropped
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