The USDINR spot touched a low of 74.31 on the back of lumpy corporate and IPO related dollar inflows, the lowest levels since early July.
Markets remained volatile today but interesting thing to note is that despite acute turmoil in Chinese stock markets, we stood our ground well.
The market witnessed the continuation of the bearish movement after a failed attempt to hold the support level around the Nifty 50 Index level of 15700.
Dr Reddy’s Labs, Kotak Mahindra Bank, Tata Motors, Cipla and M&M were the top Nifty losers.
Total revenues rose 4 percent YoY to Rs 2,134 crore in Q1FY19, compared to previous year’s Rs 2,056 crore.