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Mark To Market Bad Day :(




  • Banks risk adding $25 billion bad debt on Supreme Court decision

  • Power sector was among the hardest hit with the govt identifying as stressed 34 plants with outstanding debt of about ₹1.8 trillion-If the RBI directive is upheld, many of these would immediately be pushed into insolvency court 

  • OECD cuts global outlook again and warns worse may be ahead-Weakness in the euro area and China are proving more persistent, trade growth has slowed sharply and uncertainty over Brexit has continued.The OECD expects expansion to slow to 6% next year from 6.2% in 2019

  • US stops duty benefits for $5.6 billion of Indian exports-India says GSP withdrawal will not hit trade hard, may impose retaliatory duties on 29 US imports

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