The Indian rupee is underperforming among emerging Asian currencies due to the Reserve Bank of India’s (RBI) strategy to bolster its foreign-exchange reserves. The RBI’s dollar purchases to cover future obligations and replenish reserves are expected to exert downward pressure on the rupee, potentially leading to a depreciation to 86.50-87.50 per dollar by year-end.
Paul Black’s 3 thumb rules for identifying great wealth creators
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise widening moats,