ECB Rules

LONDON (Reuters) -Oil prices fell more than $3 on Thursday after higher U.S. gasoline stockpiles stoked demand worries and returning energy supply from Libya and Russia eased supply concerns.

European stocks have taken a dip alongisde the currency as ECB sets in to join the rate hike club like many others, say reports

New ECB norms can make India more vulnerable to external shocks

Although the proposed guidelines are non-binding, the ECB can threaten banks with higher capital requirements if they fail to comply