The rupee is expected to trade within a narrow range over the medium term. Stepped-up Reserve Bank of India interventions have helped curb volatility significantly.
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Hero Motors plans a ₹1,000 crore IPO for expansion and debt repayment. The company’s promoter stake will decrease significantly after the initial public offering. Its
Avaada Ventures plans to raise funds through NCDs and external borrowing. The company will issue rupee-denominated debentures and secure foreign currency loans. These funds will
Sebi proposes reducing mandatory disaster recovery drills for market infrastructure institutions. These drills will now require at least four hours on a non-working day. The
MSCI’s Asian equities index advanced 0.1%. Contracts for Wall Street gauges also nudged up in early trading as OpenAI weighed a new funding round at