India's bank stocks drop after central bank intensifies crackdown on rupee speculation
India's bank stocks dropped on Thursday after the central bank intensified its crackdown on speculative activity in the rupee by targeting corporate arbitrage, requiring lenders to close contracts in open markets by removing leeway to sell to corporates.
India's bank stocks dropped on Thursday after the central bank intensified its crackdown on speculative activity in the rupee by targeting corporate arbitrage, requiring lenders to close contracts in open markets by removing leeway to sell to corporates.
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