India’s capital inflows may have a mild impact on the rupee as the central bank tightens its grip. Prospects of bond and stock inflows from JPMorgan Chase & Co’s inclusion of Indian debt in its emerging market index and a global risk-on sentiment favor the rupee. However, analysts are cautious about expecting a significantly stronger rupee. The Reserve Bank of India is likely to allow gradual appreciation with limited volatility.
IRB Infrastructure shares rally 8% as August toll revenue surges 25% YoY to Rs 807 crore
Shares of IRB Infrastructure Developers surged up to 8% after the company reported a 25% YoY rise in toll revenue to Rs 807 crore in