The currency strengthened to 85.59/$1 levels during the day, before losing some ground due to importer hedging demand, while likely intervention by theReaerve Bank of India (RBI) contained excess gains. The rupee had closed at 86.04 the previous day.
Ashi Anand sees defence indigenisation as key growth driver
IME Capital’s CEO, Ashi Anand, sees strong growth in Indian defence stocks due to indigenization efforts, despite Bharat Electronics’ slightly below-expected revenue. However, Coal India