India: Concerns About Reduced Bank Credit

By Rapaport News / August 30, 2018 / www.diamonds.net / Article Link

Stable market, but dealers concerned about reducedbank credit, as well as currency devaluation after rupee hits record low (INR70.75/$1). Strong demand for nice SIs. A lot of weak SIs available. Suppliersholding prices firm for certified goods. Manufacturing expected to remain steady until November Diwalibreak.
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