Indian equities slumped around 1.5% on Monday as mounting risks of interest rates staying at elevated levels in the US and Europe dented investor sentiment.
The Centre is likely to invite expressions of interest (EoIs) for the strategic disinvestment of BEML and Shipping Corporation of India (SCI) over the next few months, as it looks to speed up the privatisation of non-strategic state-run companies.
The rupee plunged to a new lifetime low of 80.13 to the dollar intra-day with investors betting on capital outflows due to higher US interest rates and tightening monetary conditions.
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