On Friday, the rupee experienced its steepest decline to date, reaching an all-time low of 85.53 against the US dollar, driven by domestic factors such as month-end dollar demand and limited RBI intervention. The local currency’s overvaluation and potential for further depreciation are highlighted.
ETMarkets Smart Talk | Fixed income remains relevant, but corporate bonds favoured: Joseph Thomas
Emkay Wealth Management suggests shifting focus to corporate bonds and credit risk funds for better yields as gilt fund rallies peak. The Indian market shows