Debt crisis at IL&FS is stoking borrowing costs in credit markets. That’s making for a double whammy, as RBI steps to prop up a weakening rupee have sopped up liquidity and as recent corporate tax payments had already left less cash in the financial system.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Q0Yc8d
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