NEW DELHI: Indian assets suffered a rough start to the week as stocks extended declines as trading resumed after a system-wide halt, and the rupee hit to a new low following a lockdown in much of Asia’s third-biggest economy.
The central bank, which is due to decide on interest rates April 3, is injecting both rupee- and dollar-liquidity and has pledged to do more to ensure financial markets function smoothly. The rupee recovered partially from its lowest point as state banks sold dollars on behalf of the central bank, according to two Mumbai-based traders.
Source: News Formal (newsformal.com)
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