Rupee bleeds red to a new low on greenback demand, slumps against Chinese yuan too

August 30, 2025

The Indian rupee hit a record low of 88.31 per dollar before closing at 88.19, pressured by U.S. tariff concerns, weak equity inflows, and strong dollar demand. RBI intervention likely prevented deeper losses, but sentiment remains fragile.

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PSU bank stocks soar up to 8%, but HDFC, Axis and other private lenders fall up to 5% after Q2 results. Why the sharp divide?

PSU bank stocks surged up to 8% on Monday, led by Punjab National Bank after its Q2FY27 earnings beat estimates. In contrast, private lenders such

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PNB shares jump 8% after Q2 results beat estimates; Jefferies, Motilal Oswal, others raise target prices

Punjab National Bank shares rose sharply on Monday after the lender reported a 13% year-on-year rise in Q2FY27 net profit to Rs 5,532 crore. Stronger

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