Nation's largest lender State Bank of India today raised USD 500 million in forex debt in three-year dollar money as part of its medium term notes (MTN) programme, making it the second fund raising by it this year.
CRISIL Research, India's largest independent and integrated research house, expects India Inc to be severely impacted by the rupee's depreciation against the dollar given the large foreign currency debt on the books and only partial hedging.
Our market is sure to focus on the outlook painted by Federal Reserve after today's meeting, on when the process of tapering will start and that we are likely to see some tapering in bond purchasing going forward, said Jitendra Sriram of HSBC India.