The rupee has weakened against the dollar recently due to tariff uncertainties, foreign portfolio investor outflows, and central bank dollar purchases. The upcoming trade deal with the US and India’s involvement in BRICS, along with oil imports from Russia, add complexity. Concerns about US fiscal sustainability are favoring developed markets over emerging ones, impacting the rupee.
Expect limited upside in near term, stick to stock-specific strategy; Vedanta, Motherson among top picks: CA Rudramurthy BV
Indian markets are struggling to maintain gains despite positive domestic news. Global factors and foreign selling are creating caution. Short-term traders are advised to reduce