India’s capital inflows may have a mild impact on the rupee as the central bank tightens its grip. Prospects of bond and stock inflows from JPMorgan Chase & Co’s inclusion of Indian debt in its emerging market index and a global risk-on sentiment favor the rupee. However, analysts are cautious about expecting a significantly stronger rupee. The Reserve Bank of India is likely to allow gradual appreciation with limited volatility.
Ather Energy shares rise 3% as Nomura raises target price; stock up nearly 200% in 1 year
Ather Energy shares rose after Nomura raised its target to Rs 1,926, citing faster EV adoption, the Konarc launch and stronger growth prospects. The brokerage