Rupee weakens to new low of 84.85/$

“It is possible now (after the new governor takes charge) that a bit more flexibility is allowed in currency fluctuations going forward, as compared to the relatively tighter leash seen over the last one year and more,” said Sonal Varma, chief economist, India and Asia ex-Japan, Nomura.

More To Explore

2 top stock recommendations from Vinay Rajani

Indian equity markets are experiencing a cautious phase, consolidating within a defined range as fresh buying momentum remains elusive. Technical analysts suggest the broader trend