RBI’s currency defence could leave banks paying the price

The Reserve Bank of India has introduced a bold new daily limit on the open rupee positions held by banks, aiming to counteract the rupee’s weakening trend versus the dollar. As a result, banks are now required to trim their dollar assets and offload US currency.

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Lupin Q1 PAT rises 16 pc at Rs 1,417 cr

Lupin Ltd has reported a remarkable sixteen percent surge in profit after tax for the first quarter, showcasing their continued success. The firm experienced considerable