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On Tuesday, the Indian Rupee showcased its strength, appreciating against the US dollar. This upward shift is attributed to vigorous domestic economic growth alongside strong portfolio inflows. Notably, the rupee found temporary support from MSCI-related investments, overcoming the initial sluggishness in domestic stocks and foreign institutional selling. This performance reflects India's robust economic resilience in the face of global uncertainties.
The Delhi-Meerut Namo Bharat corridor is set to receive power from a 110 MW captive solar plant, which is expected to fulfil nearly 60% of the corridor’s electricity needs. The National Capital Region Transport Corporation (NCRTC) has signed a power purchase agreement with NIRL NCRTC Renewables Limited (NNRL) for the project.