While the Reserve Bank of India is likely to absorb some of the dollar inflows and ensure competitiveness of exports, the stable influx of overseas funds is seen providing the rupee a cushion against a multi-year ascent in US bond yields and hardening crude oil prices.
Sebi halts trading in Bharat Global Developers shares amid suspicious price surge
Bharat Global Developers’ shares fell 5% after SEBI suspended trading and banned promoters due to concerns over financial disclosures. The company’s stock surged 2,304% in