The Indian rupee fell another seven paise to close at 90.27 against the dollar on Monday, with experts anticipating further declines. This depreciation is attributed to a delayed US trade deal and reduced foreign investment in Mumbai equities. The Reserve Bank of India intervened to moderate volatility but not to reverse the trend.
Concerns settled, share buybacks could flow via exchanges again
Sebi is proposing to bring back share buybacks via stock exchanges. This reverses a decision made a year ago. New tax rules have resolved earlier