“In terms of India, any aggressive US Fed action will have direct and indirect consequences for our markets. The first impact is on the currency, and this is important for RBI’s main objective of maintaining macro stability. The Fed hike cycle has been ahead of RBI cycle and the US rates have gone up much faster than Indian ones. As such there would be continued depreciative pressure on the Indian rupee in case of dollar strength emanating from Fed policy.”
Jio IPO: Akash, Isha and Anant Ambani to lead IPO process, says Mukesh Ambani
Reliance Industries Chairman Mukesh Ambani announced that the board has approved the draft prospectus for the much-awaited IPO of Jio Platforms, with Akash Ambani, Isha
June 19, 2026