Tag Archives: Rupee

Fitch: Currency Slide Will Add to Indian Banks’ Woes

Read more  Fitch: Currency Slide Will Add to Indian Banks’ Woes
29 August 2013 :  The sharp depreciation of the Indian rupee will add to credit pressures on Indian banks, says Fitch Ratings. The current economic slowdown is also likely to be deeper and longer than our baseline expectations, adding to the pressures already faced by the local banking sector.