India

A customer hands a bundle of Indian Rupee currency notes to a teller at a financial institution in Mumbai (Reuters)

State Banks to Seek Market Funds on Modi Growth Hopes

State banks plan to tap capital markets for billions of dollars after a new government takes office, executives and bankers say, betting on a revival in credit demand and giving them a chance to shore up battered balance sheets. May 16, 2014
Narendra Modi

Vote Count puts Modi on Course for Resounding Win

Early counting of results in India's general election put opposition leader Narendra Modi on course for a resounding victory that would hand him a clear mandate for his agenda to revive growth and create jobs. May 16, 2014
Narendra Modi

Modi on Brink of Power as India Vote Count Begins

Counting of votes began on Friday after India's mammoth election, which could usher in the most profound economic change in a generation if opposition leader Narendra Modi wins a clear mandate for his agenda to revive growth and create jobs. May 16, 2014
A customer hands a bundle of Indian Rupee currency notes to a teller at a financial institution in Mumbai (Reuters)

Rupee Hits Near 10-month High, Biggest Gain in Three Weeks

The rupee strengthened to its highest level in about 10 months on Thursday, while also posting its biggest single-day gain in nearly three weeks on the back of sustained dollar inflows into domestic shares ahead of election results. May 15, 2014
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