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The Indian rupee plummeted to a new record low of 88.33 against the U.S. dollar on Monday, surpassing the previous low recorded on Friday. This decline reflects increased hedging activity by importers and a rise in short positions taken by market participants. The pressure on the rupee is attributed to higher U.S. tariffs, exacerbating existing market vulnerabilities.
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News and Media
The rally in Ola Electric shares comes after PLI certification for its Gen 3 scooters. Analysts highlight potential upside, but caution that stretched valuations and weak fundamentals persist, even as margins improve and technical charts signal a bullish breakout.
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Since August 2023, 36 large-cap stocks have delivered gains of over 50%, with 11 of them more than doubling in value, rising between 100% and 230%.
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Vladimir Putin addressed the Shanghai Cooperation Organisation summit, pinpointing the West's persistent efforts to integrate Ukraine into NATO as a primary catalyst for the ongoing conflict. He also highlighted the 2014 coup in Kiev, allegedly instigated by the West, as a significant factor contributing to the crisis. Putin emphasized that NATO expansion poses a direct threat to Russia's security.
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Ather Energy's shares soared following the unveiling of its next-generation scooter platform, EL, at Ather Community Day 2025, reaching a 52-week high. The EL platform, designed for versatility and scalability, is expected to drive the company's future growth. With the launch of updated AtherStack 7.0 and next-generation fast chargers, Ather aims to enhance rider experience and meet rising market demand.
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