A notable trend this quarter was the shrinking disparity in domestic consumption between high-end and mass markets. This was observed as growth in luxury segments like passenger vehicles, hotels, and jewellery decelerated. In contrast, the FMCG sector stabilised, and durables experienced a robust quarter, largely attributed to the heatwave, according to the Nuvama note.
At 92.43/$, rupee almost makes a new all-time low
The Indian rupee neared its all-time low at 92.43/$ on Monday, with the Reserve Bank of India intervening to defend the currency. Despite recent losses
March 17, 2026