(Bloomberg) -- ICICI Bank Ltd., India's biggest
lender by market value, raised its forecast for the Indian rupee
because the central bank has accepted that a flood of investment
will strengthen the currency.
Trade Minister Kamal Nath aims to double foreign direct
investment into India to $30 billion this year. More funds may
flow in as ICICI Bank prepares to raise as much as 175 billion
rupees ($4.3 billion) at home and overseas in the nation's
biggest share sale.
Read more at Bloomberg Currencies News
lender by market value, raised its forecast for the Indian rupee
because the central bank has accepted that a flood of investment
will strengthen the currency.
Trade Minister Kamal Nath aims to double foreign direct
investment into India to $30 billion this year. More funds may
flow in as ICICI Bank prepares to raise as much as 175 billion
rupees ($4.3 billion) at home and overseas in the nation's
biggest share sale.
Read more at Bloomberg Currencies News
No comments:
Post a Comment