Analysts at TD Securities note that in a surprising decision yesterday the Indian government took control of IL&FS the shadow banking Infrastructure Company. Key Quotes “The government ousted the board of this “systemically important” lender. A new plan for IL&FS will be outlined by Oct 15. This could be good news but markets may see this as a sign of concern especially given worries that problems in shadow banking could spread.” “Separately the INR looks particularly suceptible to the rise oil prices, with higher oil working against India’s efforts to reduce imports (Oil comprises 30% of India’s imports). INR is unsurprisingly the most highly (negatively) correlated currency with oil prices in the region.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD up little, just above 1.2800 handle FX Street 4 years Analysts at TD Securities note that in a surprising decision yesterday the Indian government took control of IL&FS the shadow banking Infrastructure Company. Key Quotes "The government ousted the board of this "systemically important" lender. A new plan for IL&FS will be outlined by Oct 15. This could be good news but markets may see this as a sign of concern especially given worries that problems in shadow banking could spread." "Separately the INR looks particularly suceptible to the rise oil prices, with higher oil working against India's efforts to reduce imports (Oil comprises 30% of India's imports). INR is… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
