UPDATE 2-India struggles to soothe markets as liquidity concerns grow
23 Sep UPDATE 2-India struggles to soothe markets as liquidity concerns grow
Posted at 13:21h
in
News
by KMFSLLP
The Indian authorities’ sought
to calm financial markets on Monday but investors paid little
heed as fears that the nation’s non-banking financial sector is
facing a credit crunch led to declines in domestic bonds,
stocks and the rupee, adding to losses suffered in a selloff on
Friday.
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