Indian markets experienced a downturn on Friday, with Nifty ending its winning streak due to selling in key sectors. Geopolitical worries, the upcoming Union Budget, and a weakening rupee contributed to subdued sentiment. Analysts anticipate volatility during Sunday’s special trading session, advising a cautious, hedged approach ahead of the budget announcement.
The rupee at record low will end India’s cheap-money era
Elevated energy import costs have pushed the Indian rupee to a record low, prompting urgent questions about Reserve Bank of India rate hikes. Despite a
May 1, 2026