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.
Earnings growth to stay robust at 14–16%; IT correction a buying opportunity: Vikas Khemani
India’s IT sector is poised for a comeback, with AI expected to boost, not hinder, growth. Vikas Khemani of Carnelian Asset Management sees excessive pessimism,