The rupee had closed at a record low of 77.72 against the dollar on Thursday, losing over 6% in the last year, due to headwinds like rising inflation, increasing interest rates, and foreign institutional investors’ outflows and plunging markets over some time. The depreciation of the rupee is expected to impact the economy, by and large, especially imports and push-up inflation. This also...
OUTLOOK ON INDIAN BANKING SECTOR The banking sector has been the backbone of the economy, where the impact on one reflects on the other as well. When the economy is in the progressive phase, lending and borrowing activities increase significantly and this in turn leads to healthy growth in banks. While the economy passes through a rough, the defaults rise and this leads to an increase in...