Gold Price Analysis Today - 14/05: Selling Pressure (Chart)
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MUMBAI:Two multinational banks, Nomura and HSBC, have said that the upcoming general elections in India polls point to continuity at the Centre, and h.
At a time when overseas capital flows have been firm, foreign lenders have requested the banking regulator for flexibility in compliance with the central bank's Large Exposures Framework (LEF), particularly in handling certain types of accounts that facilitate global transactions.
INDIA-MARKETS/RUPEE:INDIA RUPEE-Rupee declines on weakness in Asian peers, foreign banks' dollar buys
The government has encouraged large oil exporters to accept the rupee to settle trades, while the RBI has allowed banks in 18 countries to open special accounts to settle transactions in rupees. But progress on turning the rupee into a hard currency has been slow so far.