News

Uday Kotak urges Indian firms to step up as rupee crosses 90 and foreign investors dominate markets

The Indian Rupee is nearing 90 against the US Dollar. Foreign investors are selling Indian stocks, impacting market performance. Domestic investors are buying, but foreign selling is currently dominant. This situation calls for Indian businesses to adapt. Export-oriented sectors may benefit from the weaker Rupee, while import-dependent sectors face increased costs.