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The escalation of geopolitical tensions in West Asia contributed to the recent spike in crude oil prices. While the situation remains fluid at present, a further step up in tensions could impact various sectors of the Indian economy
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The report highlighted that the rupee is expected to trade in the range of Rs 83.27 and Rs 83.99, with Rs 83.99 being its all-time low
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Market experts note that the recent FPI inflows are concentrated in a select few stocks rather than being spread across the market or sectors
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According to the report, the Reserve Bank of India (RBI) interventions are expected to limit any rupee volatility
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