The Indian rupee weakened to an all-time low of 87.582 per dollar on persistent dollar demand and large-scale sales of local stocks by overseas investors. The currency faced additional pressure ahead of the monetary policy decision, with the Reserve Bank of India’s intervention only offering limited relief.
Axis Securities turns bullish on SAIL, upgrades to ‘buy’ with Rs 130 target
SAIL shares: The brokerage firm believes that SAIL is more sensitive to steel and coking coal prices. A Rs 1,000/t rise in Hot Rolled Coils