The rupee weakened 10 paise to close at 95.29 against the US dollar due to rising crude oil prices, strong dollar demand and foreign fund outflows. Market participants await the RBI policy outcome, with the currency expected to remain range-bound
India’s banking system enters 2026 stronger than ever—lower NPAs, higher capital buffers, and RBI-backed liquidity. But tougher norms will test resilience
Equity benchmarks Sensex and Nifty fell in early trade on Friday ahead of the RBI’s monetary policy announcement. Weak global cues and foreign fund outflows weighed on investor sentiment. Focus remains on interest rate direction and FY26 growth outlook.
At the interbank foreign exchange market, the rupee opened at 83.46 and then slipped to 83.47 against the dollar, gaining 6 paise from its previous close
The six-member Monetary Policy Committee (MPC) of the RBI voted 5-1 to up the policy repo rate by 50 basis points (bps) to rein in the above target inflation
"Going ahead, market is expected to remain positive but with sector/stock specific action. Investors would now track earnings season and watch out for management commentaries."
