Jefferies initiates coverage on Indian spirits firms United Spirits, Radico Khaitan, and Allied Blenders with “Buy” ratings, citing premiumisation as a key growth driver. Radico is the top pick, while Allied is called a “dark horse” with potential for a turnaround.
Liquidity in the banking sector has contracted to below ₹5 lakh crore, causing the weighted average call rate to rise to 5.31%. The Reserve Bank
On Tuesday, the Indian rupee appreciated to 95.59, benefiting from a decrease in oil prices. The central bank’s dollar sales helped mitigate pressure on the
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