FMCG companies in India reported mixed earnings for the March quarter of FY23, with some companies showing strong volume and margin growth while others fell short of expectations. The sector is viewed as a defensive investment during uncertain times.
Rupee outlook: Analysts are largely positive about the rupee value. While they believe there may be some intermittent volatility in the US dollar and Indian rupee (USDINR) pair according to the economic indicators, the overall outlook is positive.