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The rupee slumped 21 paise to a record low of 78.35 against the greenback on Wednesday.

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Bank of America Merill Lynch expect the Reserve Bank of India to cut rates by 0.25% in the monetary policy meet on February 8, 2017.

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bofa

India seems a must-win market for Hindustan Unilever, as the disproportionate investment (including M&amp;A) is directed to India.

The bank's net interest yield, which is a measure of how much the bank is earning on the loans it has versus the interest it needs to pay out to depositors, dropped from 2.20% in 2023 to 1.99% in 2024.

BofA results: BofA profits climbed 10 per cent to $7.8 billion, or 90 cents per share, beating analysts' expectations of 82 cents, according to IBES data from LSEG.

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Buying HUL shares? What Jefferies, BofA targets indicate as Unilever cements India focus

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