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.
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