This decline was influenced by the unwinding of carry trades and high local dollar demand. Central bank interventions helped limit the currency’s losses, with the rupee expected to remain under pressure.
CG Power expands its switchgear production, signaling strong demand in the power equipment sector. However, market expert Sandip Sabharwal warns that valuations for companies like
Global economic outlook darkens with stagflation fears as energy prices fuel persistent inflation. Experts warn central banks may keep interest rates high longer than anticipated.
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