Easing ECB norms for oil firms may not arrest Re slide: BofAML
On Thursday, Bank of America Merrill Lynch (BofAML) said that liberalizing foreign borrowings for oil companies to raise to USD 10 billion will not have a "material" impact on arresting the slide of the rupee.
![Easing ECB norms for oil firms may not arrest Re slide: BofAML Easing ECB norms for oil firms may not arrest Re slide: BofAML](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2018/10/04/54646-rtr326lt.jpg?itok=os2n4guc&c=2c106cbbe3a365594e97239d69830f59)
Liberalizing foreign borrowings for oil companies to raise to USD 10 billion will not have a "material" impact on arresting the slide of the rupee, Bank of America Merrill Lynch (BofAML) said Thursday. Image Source: Reuters