When there are outflows, the rupee tends to weaken. Additionally, most Asian currencies are depreciating against the dollar. When comparing the Indian rupee to the top 10 or 15 currencies globally, it is performing better than average, though it has still depreciated. These global factors and FPI outflows are contributing to the rupee’s weakness.
Buy the dips in quality names with earnings visibility: Hemang Jani
The broader market had its own sort of corrective phase, but I do think that given the fact that this event has happened and though
May 8, 2025