The Indian rupee slipped to its weakest closing level on record on Monday, pressured by a decline in the offshore Chinese yuan and broad-based dollar bids amid a prevailing bearish bias on the local currency.
Short-term rally expected in financials; liquidity turn could boost banks: Seshadri Sen
There is still some downside to valuations. So, this sort of time correction that we have seen in financials from a longer-term perspective would continue