The Indian rupee is hovering near its record low against the US dollar. Concerns over US trade policies and slower investment are impacting the currency. Public sector banks, likely acting for the Reserve Bank of India, are selling dollars to support the rupee. The currency has been trading within a narrow range for several days.
Power, Hotels & Chemicals: Dipan Mehta maps out the market’s next big opportunities
Dipan Mehta advises selective investing, favoring power infrastructure, export manufacturing, and specialty chemicals. While acknowledging the hospitality sector’s strong run, he cautions about potential headwinds.