RBI parachute gives falling rupee a glide path to avoid 84/$ breach

September 11, 2024

The Reserve Bank of India has been actively intervening in the currency market to prevent the rupee from breaching the 84 per dollar mark. This strategy involves selling and purchasing dollars to maintain exchange-rate stability amid a broader trade deficit and global economic uncertainties.

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BlackBuck gets Buy rating as Ambit sees strong growth ahead, values stock at Rs 885

Ambit Capital initiated coverage on Zinka Logistics, parent of BlackBuck, with a Buy rating and Rs 885 target price. The brokerage highlighted BlackBuck’s emergence as

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FIIs and DIIs place big bets on State Bank of India — Analysts see about 20% rally ahead

Investors are showing renewed confidence in State Bank of India. Both foreign and domestic institutions are raising their stakes. SBI reported strong earnings momentum. Analysts

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