The Indian rupee hit a record low of 85.07 per dollar on Thursday, pressured by the US Fed’s hawkish stance and rising US bond yields. The rupee has depreciated for four consecutive days despite RBI intervention. Foreign portfolio investors sold Rs 4,224.9 crore on Thursday.
Gautam Duggad sees PE re-rating potential in 2 sectors; likes largecaps & may raise weight in Reliance
Gautam Duggal, Head of Research at Motilal Oswal, sees limited PE re-rating potential, primarily in large-cap financials and capital market stocks. He favors earnings visibility
December 23, 2024