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
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

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