Lower inflation, FCNR(B) outflows likely to influence central bank decision
Between April 2 and July 8 this fiscal, the rupee has plummeted by 12.81 per cent, and hit all-time low of 61.21 per cent on Monday.
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A bad credit score in general is seen as an irresponsible behaviour of an individual. Inability to pay on time reflects that the person is not capable of take care of things.
The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.
The S&P BSE Sensex slipped 305 points to end at 25,400 and the Nifty50 dropped 87 points at 7,783.
The term of the last chairman of the pension regulator, Yogesh Agarwal, was cut short by the finance ministry in November.
No fund houses could muster the courage to launch equity funds during the period and the sector lost a lot of its equity assets.