The auto sector has caught the fancy of investors over the past few months thanks to strong volume visibility for passenger vehicles, a spate of new launches, and value unlocking from monetization of the electric vehicle (EV) subsidiaries.
Rupee hits record low of 87.35 vs USD on rate cut expectations
The Indian rupee weakened to a historic low of 87.35 against the U.S. dollar, influenced by expectations of an impending rate cut by the Reserve