The Indian rupee fell to its lowest level this fiscal, closing at 86.8150 against the dollar. A strong greenback, importer demand, and US trade deal uncertainty pressured the currency. Limited RBI intervention and FOMC cues add to investor caution.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may