India’s rupee strengthened by 20 paise against the US dollar, closing at 87.01 following positive retail inflation data. February’s CPI reduced to 3.61% from January’s 4.26%, prompting market speculations of potential rate cuts. The rupee’s gains were trimmed late in the day due to dollar buying, with weak market flows ahead of the Holi holiday.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is