Category: overvaluation
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India cenbank may prefer mild rupee weakness to correct overvaluation, BofA says By Reuters
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MUMBAI (Reuters) – The Reserve Bank of India may allow the rupee to weaken slightly to ease a slightly elevated real effective exchange rate and keep the South Asian currency “competitive”, Bank of America Securities said in a note on Thursday. This “supports the government’s ambitions to attract large-scale manufacturing…
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Culper Research calls out Iris Energy’s misrepresentations and overvaluation By Investing.com
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Investing.com – In a research note on Thursday, Culper Research weighed in on Iris Energy Inc. Technologies Inc. (NASDAQ: INK), a company originally focused on Bitcoin mining, has now announced that it has rebranded as a high-performance computing (HPC) data center. Kolber’s analysis suggests that this strategic shift is more…