The Securities and Exchange Board of India (Sebi) has moved the Supreme Court urging that Sahara India Group be directed to refrain from issuing “misleading” advertisement or statements that “obstruct” it from implementing the apex court’s order of August 31, 2012 for refund of more than Rs 24,029 crore raised from 33 million bond investors. …
Rupee likely to depreciate amid strong dollar demand, risk aversion in markets; USDINR pair to trade sideways
The Indian rupee Rupee is likely to depreciate against the US Dollar on Wednesday amid strong US dollar, risk aversion in markets, US inflation and Fed rate hike fears. USDINR spot price is expected to trade in a range of Rs 78.50 to Rs 80.50 in next couple of sessions. Rupee depreciated by 39 paise …