The analysis of Relative Rotation Graphs (RRG) shows that Nifty Bank, PSU Bank, and Metal Indexes are inside the leading quadrant; they are likely to relatively outperform the broader markets. The Nifty MIDCAP index is also inside the leading quadrant but it is seen sharply losing its relative momentum and heading toward the weakening quadrant.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an