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HSBC downgrades India to ‘underweight’ as oil shock clouds earnings recovery

Posted on April 23, 2026 By admin
HSBC downgrades India to ‘underweight’ as oil shock clouds earnings recovery

HSBC said that although domestic equity valuations have corrected from their ‌peaks, they may appear expensive again as earnings downgrades filter through. (Representational image) | Photo Credit: Getty Images/iStockphoto HSBC downgraded Indian equities to “underweight” from “neutral” – its ​second cut in less than a month – as it ‌expects surging energy prices triggered by…

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RBI purchased $7.4 billion in spot market in February, says bulletin

Posted on April 23, 2026 By admin
RBI purchased .4 billion in spot market in February, says bulletin

This is the second consecutive month of net purchase of foreign currency by the central bank after registering net sales for seven consecutive months before that. File | Photo Credit: Reuters The Reserve Bank of India (RBI) net purchased $7.409 billion from the spot currency market in February, according to the central bank’s monthly bulletin…

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