Indian equity indices touched fresh lifetime highs before closing marginally lower on Monday. The market faced headwinds from a weakening rupee and uncertainty surrounding the US-India trade deal. Persistent foreign institutional investor selling and a depreciating currency are limiting the ability of indices to sustain record levels.
Credit card issuance hits strongest pace in more than two years
The additions were led, once again, by the country’s largest issuers. HDFC Bank topped the list, adding 163,000 net new credit cards and edging past