The Indian rupee made its biggest single-day gain since late November, closing 12 paisa up at 85.71 per dollar as the dollar index fell to a one-week low. Dollar sales by foreign banks and RBI’s control measures influenced the rupee’s movement. Key US job data is awaited for further cues.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of