Sweden companies are likely to invest additional one billion dollars into India in the next two to three years is the word coming in from Banashri Bose Harrison, Indian Ambassador, Sweden.
Traders are on watch of any intervention from the RBI. There has been little indication the Reserve Bank of India has intervened to prevent rupee weakness in recent sessions, according to traders.
Pramod Gubbi, VP-Sales, Ambit Capital said since the liquidity inflows are likely to remain steady going forward for India, the market see some gains on back of that. However, market could see some consolidation in the near-term, he added.
In the wake of what possibly is the first defence-related cyber attack in the country, Japan has asked Mitsubishi Heavy Industries, its premier defence