NSE reshuffles its indices semi-annually based on multiple criteria and six-month data ending January and July. The latest rejig will have Adani Enterprises overthrowing Shree Cement from Nifty50 which houses India’s top 50 listed companies based on market capitalisation.
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