Indian rupee strengthens, ends 11 paise higher at 82.46 against the dollar
Stock reached a record high and continued the positive momentum for the third consecutive session.
The company will use proceeds from the fresh issue towards working capital requirements and general corporate purposes.
The markets touched their day’s low in the intraday trading session.
If domestic CPI trajectory broadly proceeds along RBI’s projections, we believe that repo rate at 6.5% should provide sufficient disinflationary force to nudge inflation towards RBI’s target level.
Brent crude prices were down 1 cent at $76.94 a barrel, while West Texas Intermediate crude futures were up 5 cents at $72.58 a barrel.
The venture aims to cater to discerning consumers seeking design-led, bespoke, and high-quality jewelry.
The rupee commenced trading at 82.56 to a dollar, compared to the previous day's close of 82.61
The business will be set up under a new venture ‘Novel Jewels Ltd.'
On the sectoral front, the Nifty IT index is trading 2.23% lower.