The Indian rupee strengthened significantly, closing at 91.60/$1, up from 92.15/$1, due to substantial interventions by the Reserve Bank of India. Despite higher oil prices and a risk-off sentiment, the RBI’s actions prevented the rupee from weakening further, though concerns remain about the impact on domestic liquidity.
Dmart recasts strategy as rapid delivery competition intensifies
DMart has scaled back its e-commerce footprint, exiting underperforming cities to focus on metros as competition intensifies in India’s rapid delivery space. Despite rising pressure
July 12, 2026