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Nestle said it had received no reports of problems and was recalling the products "out of an abundance of caution".
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News and Media
The Reserve Bank of India rejected all bids for its 8.30%, 2040 paper in its latest open market operation, while accepting the full 50,000 crore for other securities. Banks likely bid above market price for the rejected paper, seeking to book profits on illiquid securities. The central bank also has two more OMOs and a USD/INR swap auction scheduled.
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News and Media
The Indian rupee fell another seven paise to close at 90.27 against the dollar on Monday, with experts anticipating further declines. This depreciation is attributed to a delayed US trade deal and reduced foreign investment in Mumbai equities. The Reserve Bank of India intervened to moderate volatility but not to reverse the trend.
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News and Media
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