DSIJ Mindshare

Rupee is seen depreciating amid protectionist policies of US President Donald Trump, followed by the trade war cues and FED rate hikes on the global front and deteriorating condition of PSU Banks and deficits on the domestic front. 65.25 and 65.31 to act as resistances and 64.72-64.62 to act as supports for USD/INR.

Mutual fund investors who are more concerned about regular income usually choose the dividend option. In the dividend option, investors receive returns in a periodic manner. The dividends are the distribution of the gains and profits made by the schemes. 

Apex bank RBI levied a penalty of Rs. 58.9 crore on the country’s biggest private bank, ICICI Bank for non-compliance in concern with the directions issued by RBI regarding the direct sale of securities in the held-to-maturity portfolio. 

BHEL has forayed into lake purification under the Smart City programme with an order from Raipur Smart City Limited (RSCL). This initiative is a part of its diversification strategy through continuous focus on water business.