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Thursday, 29 November 2018

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Bad times of rupee has ended in recent days

Bad times of rupee has ended in recent days





Recently the reduction in crude oil prices and the return of foreign investors has ended the worst period of rupee. Market Head B Prasanna in ICICI Bank said this in an interview given to Sackat Das. He also said that with the cost of loan for NBFC, the banks will get an opportunity to increase business.

He said that, due to the increased current account deficit, the sale was made in rupees. Then the dollar was getting stronger too. Foreign investors had also collected 15 billion dollars from India in the first seven months of this financial year.

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