India’s foreign exchange reserves took a notable hit recently, largely due to fluctuations in the currency market and changing valuations. The Indian rupee faced increased instability against the US dollar, worsened by escalated geopolitical tensions that rocked global energy markets. This situation has put pressure on India’s energy imports.
Smallcaps cheaper but not cheap yet: Sonam Srivastava urges selective investing
Smallcap stocks have corrected sharply but are still not cheap, says Sonam Srivastava of Wright Research, urging investors to stay selective. She highlights opportunities in