The Indian rupee weakened 14 paisa on Wednesday to close at a record low of 85.845/$1, amid strong US economic data and slower Federal Reserve rate cut speculation.
The Indian market is expected to consolidate on Friday, influenced by muted global cues. Nifty futures closed with modest gains, while India VIX fell. Experts
Markets have seen a significant recovery, driven by a reduction in interest rates and expected earnings growth. Domestic-focused companies, particularly in financial and engineering sectors,
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