The weakening rupee is unlikely to significantly impact India’s trade balance, inflation, or growth prospects despite hurting importers. Limited commodity price rises and weak global growth, especially in China, help mitigate imported inflation. Excessive rupee interventions may hinder growth and further strain forex reserves and liquidity.
Tata Capital raises $400 million via bonds
The bonds were sold to investors at a final price of 92 basis points above the three-year US treasury, which was trading at 4.47% on
January 15, 2025