The rupee edged up on Wednesday, helped by gains in domestic stocks, but runaway inflation concerns and the dollar's strength are likely to weigh on the currency.
Indian markets are on a high ahead of the Union Budget. Sensex and Nifty are already up over 1 per cent. Apart from Dr Reddy's Laboratories, Bharti Airtel and Powergrid, all other companies in the 30-share index are in the green till 10.44 am. However, the market mood index (MMI) continues to show 'fear' in the minds of the investors just as it was one week ago. It is inching
Worries for Turkish President Recep Tayyip Erdogan are rising steadily as his economic policies have come under scrutiny with the free fall of the lira - the countrys currency.