Pranav Haldea from Prime Database Group stated that exits worth Rs 4.27 lakh crore this year mark a maturing capital market. Such exits allow for new capital deployment. Over Rs 16,000 crore was raised in August, hinting at strong ongoing market momentum with numerous companies filing for IPOs in 2024.
Dollar jumps as Fed holds rates but projects one hike later this year
The dollar strengthened as the Federal Reserve held interest rates steady but signaled a potential hike later this year, with policymakers raising inflation projections. New