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Dollar: Dollar shortage may impact foreign exchange borrowing companies
Mumbai: Signs of Dollar Shortage is emerging in India and many companies borrowing foreign currency may face some adverse conditions, according to the central bank’s Financial Stability Report (FSR) Told. “Signs of tension are also emerging in short-term dollar financing,” it said. “With the announcement of sanctions, the forward rate agreement – the overnight indexed …
Deepak Parekh: Increase in rates unlikely to reduce demand for homes: Parekh
Mumbai: property developers Housing Development Finance Corp. (Housing Development Finance Corp.)HDFC) President Deepak Parekh said in his address to shareholders, Reiterating the growth potential of India’s housing market, Parekh said, “There has been consolidation and cleansing in the Indian real estate sector. Weak players have been pushed out of the market.” “The recent new launches …