The Reserve Bank of India’s 3-year dollar-rupee buy-sell swap witnessed robust demand, attracting bids of $29.9 billion against a notified amount of $10 billion. The cutoff premium surged to 728 paise, reflecting increased pressure on the rupee compared to the previous year. This higher premium indicates a greater cost for the RBI to purchase dollars.
Polycab shares slide 17% in 3 months amid Ultravolt shock, but Jefferies sees 33% upside. What’s behind the bullish view?
Polycab shares have fallen 17% from their June peak after UltraTech entered the wires and cables segment. Jefferies retained its Buy rating and Rs 11,100
September 22, 2026