The Indian rupee plunged to a record low of 94.90 against the dollar on Thursday, hitting an intraday nadir of 95.33. Intervention by the Reserve Bank of India helped pare losses, as the central bank aims to keep the currency above the crucial 95/$ mark.
India’s IPO market is set to revive with two mainboard issues, CMR Green Technologies and Hexagon Nutrition, opening this week after a lull. Together aiming
Equity markets saw broad-based selling pressure after weak monsoon forecasts raised concerns over food inflation, though falling crude oil prices and easing bond yields helped
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