The rupee had recovered by 19 paise to close at 61.15 against the dollar in Friday's trade in tune with local equities.
'The slide in growth has arisen primarily because we have an NBFC crisis on top of a banking crisis,' points out T T Ram Mohan.
The country's merchandise deficit narrowed to $9.2 billion in November, but exports growth eased to 5.9 percent from 13.5 percent in October, government data showed.
The credit ratings business is dominated by Moody's, Standard & Poor's and Fitch
The rupee hit a near 10-month high as an alliance led by pro-reform and business friendly Hindu nationalist Narendra was on course for an absolute majority.
The 30-share Sensex ended 50 points lower at 28,112 and the 50-share Nifty declined 12 points to close at 8,531.
The bank's branch expansion and recruitment have been curtailed.
Growth forecast has been lowered owing to tepid growth in the first half of 2017-18, the lingering effects of demonetisation, transitory challenges of GST, and some risks to agriculture stemming from a spotty monsoon.
Some analysts view as a microcosm of the US economy.
India welcomed resolution of the political crisis in Sri Lanka and exuded confidence that relations between the two countries will continue to move on in an upward trajectory.
Inflation has seen some moderation in the recent past, falling from double-digit figures in 2013 to 7.8 per cent year-on-year in August.
Most respondents understand inflation, but very few understand risk diversification, says the ratings agency in its Global Financial Literacy Survey
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Despite criticism, the investment bank said that it stands by its research.
Navinder Singh Sarao used a couple of fairly simple techniques.
The gross NPAs of some public sector banks, including State Bank of India and Punjab National Bank have crossed 4 per cent of the total assets at the end of March, 2013.
India's largest private sector lender ICICI Bank has hit the Chinese debt market for a benchmark issue of about $500 million.
With more favourable view on Indian economy and business environment under the Narendra Modi government, the risk premium for Indian papers began to climb down.
To a lay observer, therefore, India today presents two conflicting realities.
'The good news is that money continues to flow into India-focussed offshore funds.'
This is a part of the company's plan to raise $13 billion debt to fund expansion of its petrochemical production capacity and gasification project for its refining facilities to improve margins.
S&P in November ruled out an upgrade in the country's rating for some considerable period, citing India's low per capita GDP and relatively high fiscal deficit.
The government has promised to keep the deficit at 4.1%
S&P is the only of the three major credit agencies with a 'negative' outlook on India.
The global ratings agency keeps India's sovereign rating unchanged at 'BBB-' with stable outlook
It's hoped the negotiations can be wrapped up by August 20.
Minister of State for Commerce and Finance Nirmala Sitaraman, in Mumbai to address election rallies, took time out to talk about the economy, foreign investment and trade facilitation.
India's informal economy and service sector accounts for over three-fifths of its $1.8 trillion economy.
The BSE Midcap and Smallcap indices underperformed the largecaps and ended over 1% lower.
As part of a cost-cutting plan, the bank is now dismantling its stock broking, equity research, and equity listing desks worldwide.
Being mandatory, these recommendations will have to be immediately built into the Budget for 2015-16.
All the sectoral indices, led by realty, metal, consumer durables and power were trading in the negative zone on Thursday.
Some investment bankers expect the Indian currency to touch 60-65 by the end of the year
Government hits back, tells rating agency to introspect on processes.
'This is clearly a much stronger government, a much strong Prime Minister's Office and a much more disciplined approach. There is an improvement of the work culture in the government -- people don't play golf in the mornings anymore. There is a huge attempt going on to making business easier,' says Rakesh Mohan, executive director at the IMF.
Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week
The central bank is of the view that rise in external debt a concern but rating outlook revision reassuring.
Expectations of continued stimulus withdrawal by the US Federal Reserve added to the market's gloom.
Rating agency Standard & Poor's on Friday revised upwards the long-term corporate credit ratings of software majors TCS, Infosys and Wipro to 'A' from 'BBB+.'
On Tuesday, Economic Affairs Secretary Arvind Mayaram told reporters that economic growth this financial year would be over five per cent and the numbers in the second quarter would be better than the first quarter which yielded gross domestic product expansion of 4.4 per cent, a four-year low.
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