Speculation of more US rate hikes following comments to that effect by members of the Federal Reserve also contributed to mounting robustness in the dollar index, exacerbating the pressure on the rupee.
Kotak Bank surges 9% as Q3 tops expectations, brokerages positive
Kotak shares, which closed at ₹1,920.5 on Monday, gained 7.5% in the past year and 17% in five years. The Bank Nifty rose 9.6% in