Hindustan Media IPO Offers Scope For Reasonable Upside: Sharekhan

MUMBAI: Sharekhan is of the view that the Hindustan Media Ventures can command premium valuations and offers scope for reasonable upside to the investors.

Rupee extends drop on weak shares; dollar gains

The rupee comprehensive its decline in afternoon trading Monday on the back of losses in domestic share and broad strength in the dollar alongside major currencies abroad.

Per 1 pm, the partially exchangeable rupee at 44.59/60 per dollar, weaker than the preceding close of 44.5150/5250. The directory of the dollar alongside six major currencies was up 0.4 percent.