The rupee is under pressure largely due to the stronger dollar, post-US elections policy measures by President-elect Trump, and specific GDP numbers. Intermittent RBI intervention is noted, but aggressive action is unlikely until the rupee approaches 85 levels, as the forex reserves have dipped from $705 billion to $657 billion.
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
May 28, 2025