The weakening of the rupee and high oil prices continue to exert upward pressures on inflation, it said, forecasting another half percentage point interest rate increase by the Reserve Bank of India to anchor inflation expectations and support the exchange rate.
Jio Platforms shares surge 21% on debut, overtake Airtel in market cap
Jio Platforms made a remarkable entrance in the stock market, soaring 21.4% above its IPO price on the first day of trading. Closing at ₹1,417.35,