India’s rupee is underperforming despite strong economic fundamentals, according to the Economic Survey. Tepid foreign investment has led to a balance of payments deficit, weakening the currency. Uncertainty surrounding a US trade deal also plays a role. The survey highlights the need for proactive reforms to attract much-needed foreign capital for sustainable growth and rupee stability.
Paul Black’s 3 thumb rules for identifying great wealth creators
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise widening moats,