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Why efforts to strengthen rupee may squeeze Indian banks' earnings

Indian lenders can hardly afford another headwind as they absorb trading losses from the past year's drop in sovereign bonds and continue to battle one of the world's worst bad-loan ratios

Topics
Rupee Fall  |  Rupee Vs Dollar  |  Rupee

Bloomberg 

Rupee, Indian currency

The Indian central bank’s efforts to tighten the availability of rupees in the market and halt a slide in the currency may squeeze profitability at the nation’s lenders as it raises their funding costs, according to the local unit of Moody’s Investors Service.

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First Published: Fri, June 29 2018. 11:16 IST
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