The Indian rupee could drop below 90 per dollar this year as the monetary authority moves away from its implicit quasi-peg to the dollar, according to Gavekal Research. Analysts Udith Sikand and Tom Miller noted that a larger depreciation of about 10%, bringing the rupee to 95, is “not out of the question.” They also mentioned that the authority faces the challenge of lowering interest rates without triggering a more significant currency decline.
Mazagon Dock Q4 Results: Cons PAT falls 51% YoY to Rs 325 crore; Rs 2.71 per share dividend announced
Mazagon Dock Shipbuilders reported a 51% year-on-year decline in its Q4FY25 consolidated net profit at Rs 325 crore versus Rs 663 crore posted in the
May 29, 2025