Tonbo Imaging IPO: Can defence sector tailwinds offset weak financials?

The Indian rupee appreciated for the fourth consecutive day, closing at 95.15 against the US dollar. It reached an intra-day peak of 94.77, the highest level in a month, due to measures taken by the central bank and the unwinding of long dollar positions. Despite strong demand from importers, the rupee's rise presents opportunities for exporters.