The Indian rupee depreciated by 22 paise to settle at 90.20 against the US dollar on Friday. This decline was attributed to disappointing macroeconomic data, foreign fund outflows, and strong dollar demand from importers. However, weak crude prices and a surge in domestic equities provided some support.
EMS valuations, oil plays and Paytm in focus as Sabharwal stays cautious ahead of Budget
Market expert Sandip Sabharwal expressed caution on high-valuation EMS stocks like Dixon Technologies, questioning earnings quality and growth sustainability. He offered a tactical view on