Domestic brokerage firm Axis Securities has come with several picks across all the sectors and segments ahead for the festive and earnings season. India Inc will report its numbers for the September 2022 quarter and Axis Securities believe that a handful of consumption centric companies can deliver up to 21 per cent return in the near term:
RBI net forex buys hit a record $43 billion in August, balances it with swaps
The Reserve Bank of India recorded a net purchase of $43.26 billion in August’s foreign exchange market. This was done to manage significant dollar inflows