We are of the view that as long as the stock is trading above 795, the uptrend wave is likely to continue. Above this, it could move up to 840-860. On the flip side, below 795, positional traders may prefer to exit from the trading long positions.
FCNR(B) scheme has bought India 3-5 years, but $170 billion repayment cliff looms: Uday Kotak
Uday Kotak has described India’s $130-billion-plus FCNR(B) mobilisation as a “strong insurance policy” against global shocks, but warned that repayments including interest could reach $160-170