The Indian rupee fell below 84 per U.S. dollar for the first time due to rising oil prices, foreign equity outflows, and reduced hopes of a major U.S. rate cut. Despite RBI interventions, the rupee’s near-term outlook worsened, with Brent crude prices up over 10% in October.
Technical picks: HDFC Life, Pidilite Industries among 5 stocks that can rally up to 20% in short term
Indian equity benchmarks ended slightly lower on Friday but recorded a third consecutive monthly gain, buoyed by steady institutional inflows and strong corporate earnings, despite
June 2, 2025