Speaking at an exclusive NDTV Profit town hall, Desai singled out oil prices as the one factor capable of materially damaging India's growth trajectory.
At the interbank foreign exchange market, the rupee opened at 94.25 and stayed range-bound throughout the session, hitting the day's high of 94.18 and the low of 94.31 against the greenback.
The IMD had warned that temperatures across northern and central India would run 4 to 5C above normal, with Uttar Pradesh under severe heatwave conditions till April 26.
Before deciding where to invest, Malpani argues, investors need to answer two far more basic questions: "Can I afford this risk? And will I be able to stomach it if things go south?"
Cyient DLM remains well positioned for a recovery-led growth in FY27, backed by strong order momentum and structural demand tailwinds across key segments.
