Bloomberg The bounce in India’s rupee that’s made it the top performer among major Asian economies is failing to win over traders. The currency has risen about 1% in the past month after falling by as much 1.2% in October and November. Traders say the fillip provided by a one-off corporate inflow of about $6 billion in recent weeks and …

Bloomberg Lenders to an Indian shadow bank at the center of an industry crisis since it started defaulting three months ago have called for binding bids from potential rescuers by mid-January, people familiar with the matter said. Altico Capital India Ltd. is one of the latest caught up in the nation’s shadow banking crisis, which has deepened as lenders already …

Bloomberg ECB Governing Council member Klaas Knot said conventional wisdom about inflation is outdated. The European Central Bank has to investigate “thoroughly” which factors nowadays determine output prices, rather than double down on its stimulus measures, the Dutch central bank president said in an interview with De Volkskrant. While wages are rising, the costs for business “are not translating into …