“India is transiting from being a part of global emerging markets to becoming a single country allocation. We will get money on our fundamentals, on our earnings growth no matter what happens to the emerging markets if we can make that transition. And the beginning of that transition has begun.”
Rupee strengthens to 95.59 amid drop in oil prices & RBI dollar sales
On Tuesday, the Indian rupee appreciated to 95.59, benefiting from a decrease in oil prices. The central bank’s dollar sales helped mitigate pressure on the