75% of the companies are contemplating seriously having a China Plus One production strategy. If this really goes through as also the targeted efforts that the government is making will lead to some degree of success in terms of make in India, says the MD, Co-head India Equity Research & Equity Strategist, BofA Securities. How … Read more
Mumbai: The Reserve Bank of India‘s US dollar purchases in June was at a four-year high for any month. Economists said the central bank is building a war chest of reserves to prevent any adverse impact on the rupee amid the Covid-19 crisis. The central bank bought $14.8 billion from the spot currency market in … Read more
India’s GDP will contract by 3 per cent in FY21 because of the coronavirus pandemic, assuming the economy is opened up fully from next month, a foreign brokerage said on Thursday. BofA Securities also said the RBI will monetise the fiscal deficit through purchase of government bonds of up to USD 95 billion through open … Read more