The RBI’s announcement on consumer loans weighed on financials and the weakness could continue in the coming week as well. The crucial support for the index on the downside is placed at 43,300 level while a breach of the same could push the index towards 42000, suggested experts.
Rupee hits record low of 87.35 vs USD on rate cut expectations
The Indian rupee weakened to a historic low of 87.35 against the U.S. dollar, influenced by expectations of an impending rate cut by the Reserve
February 5, 2025