Top headlines: Weakening rupee, LIC may exit Ambuja Cements, ACC and more

Business Standard brings you top headlines on Wednesday

Declining rupee is continuing to add pressure on consumer durables industry which is already battling a series of problems due to high commodity costs and lockdown in China. Meanwhile, the LIC shares ended 7.8 per cent lower than the IPO price of Rs 949 after losing 9.4 per cent earlier. Read more on these down below:

A weak rupee spells more trouble for consumer durables companies

As the rupee continues to slide against the dollar, it has added to the woes of consumer durables companies, which are left with no choice but to hike prices yet again.

The industry