India’s private credit market is expected to remain stable, unlike its global counterparts, due to a robust regulatory framework and a predominantly domestic investor base. Closed-ended funds, a common structure in India, mitigate asset-liability mismatches, a key concern in the US market. Restrictions on bank investments in AIFs further insulate the Indian ecosystem from systemic risks.
Rupee falls 31 paise to 92.32 against US dollar in early trade
The Indian rupee depreciated by 31 paise to 92.32 against the US dollar on Thursday, driven by FII outflows, rising crude oil prices, and a