Nifty Bank plunges 500 pts on weak rupee, high oil fears
Nifty Bank plunges 500 pts on weak rupee, high oil fears due to record low ₹83.5/USD and $105/barrel crude oil. Rising import costs stoke fears of further RBI rate hikes, pressuring banking stocks. Investors brace for tighter monetary policy impact on loan growth and margins.
📊 STOCKS: | 🏢 SECTOR: Indices | #HIGHIMPACT #NiftyBank
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