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The Indian rupee’s sharp decline towards the 92 per dollar mark reflects mounting pressure in the short term, but according to Abhishek Goenka, founder of IFA Global and Billionz, the currency is likely to stabilize and strengthen in the medium term.Speaking to ET Now, Goenka said that current fundamentals are working against the rupee, making […]
The Indian stock market is at a crossroads: the Nifty is tantalizingly close to its all-time high, just 210 points away, but the rupee’s dramatic plunge to a lifetime low near 89.5 has disrupted the bullish narrative. With foreign investors turning net sellers and currency volatility spiking, the coming sessions will determine whether India’s equity […]
