Wipro’s shares dropped by over 7% despite a 4.6% YoY rise in net profit for the quarter ended June 2024. The revenue from operations saw a 4% decline compared to the same quarter last year. Brokerages have mixed views on Wipro’s performance and growth prospects.
RBI’s sell-buy swaps slow rupee’s fall but push up forward premiums, making hedging costlier for foreign investors
The Reserve Bank of India is engaged in dollar sell-buy swaps to stabilize the rupee’s value. However, this has resulted in higher forward premiums, making