In a dramatic turn, the Indian rupee plunged significantly, marking its steepest decline in over two months. This downturn was fueled by heightened dollar demand tied to off-market trades nearing maturity. The Reserve Bank of India stepped in but chose not to thwart the rupee’s descent. Meanwhile, bond yields surged, reaching heights not seen in the last ten months.
BofA cuts India’s Nifty 50 earnings forecast as stagflation fears rise
BofA Securities has significantly lowered its earnings growth forecast for Nifty 50 companies to 8.5% for FY27, citing rising stagflation risks and potential impact of
April 6, 2026