The Indian rupee saw a slight dip against the US dollar on Monday. Foreign investors continued to sell Indian stocks, impacting the rupee’s performance. The domestic equity markets opened with minor gains. Experts suggest sustained foreign buying could support the rupee. India’s forex reserves, however, saw a significant jump.
Patchy rains may hit rural lending, banks stay cautious
Bankers are closely watching monsoon rains and their impact on rural credit. Uneven rainfall poses inflation risks for summer crops and rural incomes. A strong