Challenges in India for StanChart - The National:
"Volatile currency markets and a tough economic backdrop in India are likely to present significant challenges in the coming months, Standard Chartered said yesterday.
The bank's comments came as the fragile Indian rupee hit a record low against the US dollar of 61.8 in trading yesterday.
"While we have good momentum, there are still challenges on the macro and currency front," said Anurag Adlakha, Standard Chartered's chief financial officer, India and South Asia. "As such, we remain cautiously optimistic about the longer term prospects for our business in India", he said."
'via Blog this'
No comments:
Post a Comment