Dollar shortages in India’s banking system and weakness in the rupee are being attributed to dollar purchases by the Reserve Bank of India to stem inflows from foreign investments, analysts said. Despite almost $11bn flowing into the country’s foreign exchange reserves so far in May, the rupee has surrendered all gains this year in a bid to curb sharp appreciation and boost flagging exports. Analysts said investors are also watching a possible hike by the US Fed in June, which would add further pressure on the rupee.
Can Lumino Industries IPO deliver long-term growth for high-risk investors?
Lumino Industries plans a ₹700 crore initial public offering to reduce debt and boost manufacturing capacity. The company expects to benefit from increased demand for
August 27, 2026