Prior to this rating action, HDFC Bank's BCA and ratings were constrained by India's previous sovereign rating of Baa3 given the bank's significant exposure to the government in common with other Indian banks.
Tyagi also said the rating upgrade to Baa2 would further boost investments including foreign inflows.
NEW DELHI:The rupee strengthened 64 paise to 64.68 against dollar in early trade on Friday after global rating agency Moody's Investors Service upgraded India's local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook to stable from positive.
It is "encouraging to have global recognition" and "not something happening in isolation", he said.
"It's a recognition and endorsement of the reforms taken by the government particularly in the last three-four years..." Listing the series of reforms which led to the upgrade, he said while demonetisation took the economy towards greater formalisation and digitisation, use of Aadhaar ensured targeted delivery of government benefits.
"Introduction of Aadhar, recapitalization of public sector banks, smooth transition of GST and demonetization have all been landmark reforms", he said.
'Rediscovered' da Vinci painting sells for $450M
The painting depicts a half-length figure of Jesus, holding a crystal orb in his left hand as he raises his right in benediction. The painting, once owned by King Charles I of England, vanished for centuries from the public view until resurfacing in 1900.
Credit rating agency upgrades India's sovereign bonds for the first time in nearly 14 years, changing its rating outlook to stable from positive. All these steps which constituted major reforms are directional in nature.
The four institutions with revised rating are Export-Import Bank of India (EXIM India), HDFC Bank, Indian Railway Finance Corporation Limited (IRFC) and State Bank of India (SBI), Moody's said in a statement.
Hitting out at opposition for criticising government's economic policies, Jaitley said that those who had doubts about India's reform process should seriously introspect on their position.
The upgrade is likely to have a positive rub-off effect on equities, rupee, and bonds, industry insiders said.
"It is an upgrade which has happened after 13 years". In 2015, the rating outlook was changed to "positive" from "stable". The country's sovereign rating has now moved a notch above Baa3, the lowest investment grade and just a level above junk rating, to Baa2.
The United Nations Security Council will hold a vote on Thursday to repeat an global inquiry on the chemical weapon use in Syria. After the council voted on the United States draft, Bolivia then requested that the body vote on the Russian text.
She said her family is expressing their First Amendment rights and voicing their dissatisfaction with President Donald Trump. However, The Houston Chronicle did name one of the truck's drivers - Karen Fonseca, whose husband reportedly owns the truck.
The board of directors believes the proposal is not in the best interest of Qualcomm and also undervalues the company. Qualcomm's board of directors has unanimously voted to reject an acquisition offer from rival chipmaker Broadcom.
She has not yet announced which team she will drive for, but did say that she does not anticipate a return to NASCAR. She won the pole for the Daytona 500 in 2013, but finished 24th in the standings the last two seasons.
The OnePlus 5T comes with a 3,300mAh battery , which supports the company's Dash Charge fast charging technology . The device also feels good to hold in the hand even though it has the same footprint as that of the OnePlus 5 .
In lengthy remarks to the press Thursday, Tweeden said that she felt "violated" by Franken when he allegedly forcibly kissed her. Franken first issued an apology to Tweeden, in which he said that the photo "was clearly meant to be amusing but wasn't.
The man then pulled the trigger while the gun was lying on its side on a table and it went off, according to the News Sentinel . The bullet missed the woman's vital organs, and the couple was listed in stable condition at a hospital, he said.
IG CRPF at the occasion said there is a greater synergy between all the security forces to conduct anti-militancy operations. He said the detention of three militants during the Kund operation in Kulgam showed the resolve of the security forces.
Tuesday evening saw the players making their way through a media scrum after landing at Los Angeles International Airport. The three African-American players were confined to their hotel as their team went on to defeat Georgia Tech 63 to 60.
Future owners of the Valkyrie AMR Pro will take a driver development program to get used to the car's capabilities. The Valkyrie AMR Pro is lighter than the roadgoing version too - through a ruthless option delete process.
The NFLPA still can pursue its lawsuit against the NFL on Elliott's behalfeven though he's accepted the terms of the suspension. Elliott has put up 993 total yards and nine touchdowns in eight games this season.
That said, the company also pointed out that no customers had raised any complaints about the early departure. A rail company in Japan has apologised after one of its trains departed 20 seconds earlier than scheduled.
West Bromwich Albion v Chelsea
Pulis' cause has not been helped as Nacer Chadli has been ruled out with a hip injury, while James Morrison requires surgery on an Achilles problem.
Apple delays HomePod release until 2018
Although developers can make apps for Siri and HomePod, they're now limited to building things like lists, notes, and messaging. The HomePod also will include Apple's voice-activated assistant Siri to respond to requests like the Echo and Google Home.
Why owning a dog might help you live longer
Dog owners were more likely to be younger than non-owners, Fall and colleagues wrote, and were more likely to live in rural areas. The study looked at previously self-reported data on almost 3.5 million Swedes between the ages of 40 and 80.
Tesla's New Semitruck Might Be Playing Catch-Up
In addition, let's not forget Tesla has already teased the Model Y, a smaller crossover slated to be positioned below the Model X. On Thursday night, Tesla surprised fans with another product: An updated version of its first sports auto , the Roadster .
Slight rise in Idaho unemployment for October
Pennsylvania's nonfarm jobs count was down 4,300 from September's record high level to 5,973,800 in October. Also, for the first time in years, Louisiana's unemployment rate doesn't rank among the 10 worst states.
Lebanon's Hariri Will Travel to France
France's Foreign Minister is arriving in Saudi Arabia on Wednesday to meet with Hariri and Saudi officials. El-Rai told reporters at Beirut's global airport that Hariri's return would restore normalcy in Lebanon.
Best Black Friday Deals 2017
This year Black Friday will be on Friday 24th November - but AO has announced a fortnight of Black Friday deals in the buildup. Some of the deals on offer include up to 50% off toys and up to 20% off TVs , Apple computers and the Apple Watch.
Sprint is adding free Hulu service to its unlimited plan
Users can sign up for the deal on Friday by going to sprint .com/hulu from their Sprint phone and following the outlined steps. For those keeping score, this basic Hulu plan usually costs $7.99 per month and only allows for one stream at a time.
Wonder Woman 2 Will Now Release on November 1, 2019
Citing a "Hollywood source ", Page Six said that Gadot doesn't want the film "to benefit a man accused of sexual misconduct ". The " Justice League " actress previously praised women for speaking out about sexual misconduct in Hollywood.