The rupee closed slightly weaker at 86.8775 against the dollar, despite opening stronger. FIIs continue selling, with over $11 billion outflows in 2025. Sustainable inflows are needed to reverse the negative bias, as the rupee nears record lows.
Adani’s Cemindia is said to near up to $524 million share sale
Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000