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India’s largest stock exchange was severely hit by the central bank’s tighter funding rules implemented last month, with spending on derivatives slumping to a 17-month low.
At 6pm, the local currency eased to 4.0935/4.0975 versus the greenback from last Friday’s close of 4.0835/4.0875.
The retailer is considering lowering the investment cost for late backers who came in at a valuation of up to $64 billion as it prepares to list at a much lower value, people familiar with the matter…
Bond yields and trade policy may be in play.