Indian Rupee Faces Depreciating Bias, ICICI Bank Says

Apr.09 — Prasanna Balachander, group head for global markets sales, trading and research at ICICI Bank Ltd., discusses the state of India’s economy amid the coronavirus pandemic, policies and the outlook for financial assets. The Reserve Bank pledged to buy 1 trillion rupees ($13.5 billion) of bonds this quarter to cap borrowing costs to support an economy facing a resurgence of infections. Balachander speaks during the “India Focus” segment on “Bloomberg Markets: Asia.”

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