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The Reserve Bank of India sold $88.75 billion in forwards in February, up from $77.52 billion in January, to defend the rupee amid U.S. tariff-related volatility. Spot sales dropped, indicating a strategic rollover of contracts.
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News and Media
India's Tata Communications reported a 15% rise in its fourth-quarter profit on Tuesday, helped by higher demand for its data services.
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News and Media
As gold prices breached Rs 1 lakh per 10 grams on MCX for the first time, a decades-old Bollywood clip featuring Shakti Kapoor went viral for predicting the surge. While analysts cite geopolitical tensions and safe-haven demand for the rally, social media hailed Kapoor as an accidental financial guru, adding humor to an otherwise intense market moment.
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News and Media
Deven Choksey of DRChoksey FinServ Pvt. Ltd. suggests a positive outlook for banking stocks, driven by falling interest rates and potential public sector bank consolidation. He favors engineering and R&D-focused IT companies like LTTS and Tata Elxsi, citing strong order inflows and profit margin growth.
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News and Media
UBS forecasts a strong rebound in Indias consumer sector by FY26, citing easing input costs, fiscal stimulus, and rural wage growth. It names DMart, Trent, and HUL as top stock picks, while upgrading Colgate, GCPL, and ITC. Asian Paints, Dabur, and Jubilant were downgraded due to growth and margin concerns.
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News and Media
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