Tariff Tensions News
FII selling persisted during the week, indicating broader risk aversion in emerging markets. However, ongoing purchases by DIIs helped mitigate losses. Domestic resilience is shown by strong July GST collections and rising PMI readings.
Meanwhile, the rupee recorded its biggest single-day gain in over two years on Friday last week, rising 0.75 per cent as a weakening dollar and falling crude oil prices boosted sentiment.
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