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The Indian rupee fell another seven paise to close at 90.27 against the dollar on Monday, with experts anticipating further declines. This depreciation is attributed to a delayed US trade deal and reduced foreign investment in Mumbai equities. The Reserve Bank of India intervened to moderate volatility but not to reverse the trend.
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Traders built fresh bearish derivative positions in IT stocks as caution ahead of Q3 results and recent downgrades weighed on sentiment. The NSE IT index fell 1.4%, with most stocks declining. Analysts remain cautious due to seasonal softness, geopolitical uncertainty, and concerns over potential US tariffs, recommending reduced exposure for the near term.
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Indian savers are increasingly favoring Systematic Investment Plans (SIPs), with average monthly gross inflows more than doubling to 28,202 crore in FY26. This surge, driven by robust equity fund returns and a preference for disciplined investing over lump sums, has ballooned SIP assets under management significantly.
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