The local currency peaked to 86.282/$1 during the day after US president Donald Trump refrained from imposing tariffs on his first day in office. The rupee, however, gave up its gains after Trump said he was thinking about imposing tariffs on Canada and Mexico.
Nifty faces further downside after breaking key support levels: Rohit Srivastava
Rohit Srivastava, Founder of Strike Money Analytics, highlights the impacts of a rising dollar and bond yields on the Nifty, predicting further downside with significant