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.
Market rotation signals steady growth ahead; financials and PSUs lead the charge: Rohit Srivastava
According to Rohit Srivastava, the Indian market is experiencing sector rotation, ensuring upward movement after consolidation. Financials, especially NBFCs, are leading the rally due to