“Over the next three months, you could start seeing some support for the rupee come back again and the reason for that could be the Fed finally signals that it is going to pause,” said Sakshi Gupta, principal India economist at HDFC Bank.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may