"No Bidders for J&K Lithium Block in First Critical Mineral Auction"

With the rupee experiencing a 0.6% depreciation against the US dollar in March, market analysts anticipate a rebound in April. The resurgence is primarily attributed to the influx of foreign investments preceding India's government bond inclusion into JP Morgan’s Government Bond Index-Emerging Markets (GBI-EM), scheduled to commence at the end of June 2024.

According to a Business Standard survey conducted among nine respondents, the local currency is forecasted to stabilize around the 83 per dollar mark by the end of April. This projected strengthening reflects the optimistic sentiment surrounding anticipated foreign inflows and their potential impact on the rupee's value.

BS