by Dhara Hariya | Oct 6, 2023 | Forex
India’s foreign exchange reserves, as reported by the Reserve Bank of India (RBI), have decreased for a fourth consecutive week, reaching $586.91 billion as of September 29. This marks the lowest level in over five months, with a decline of $3.8 billion from the...
by Dhara Hariya | Sep 27, 2023 | Forex
Stocks: The Indian stock market displayed signs of resilience as the benchmark BSE Sensex rose by 173.22 points, equivalent to a 0.26% gain, reaching 66,118.69. Simultaneously, the broader NSE index, Nifty, gained 51.75 points, or 0.26%, closing at 19,716.45. These...
by Dhara Hariya | Sep 22, 2023 | Forex
India’s foreign exchange reserves saw a second consecutive weekly decline, reaching a near four-month low of $593.04 billion as of September 15, according to data from the Reserve Bank of India (RBI). This marked a decrease of $860 million from the previous...
by Dhara Hariya | Sep 21, 2023 | Forex
In a recent turn of events, the Indian financial market has witnessed significant fluctuations across various sectors. Here’s a brief overview of the key highlights: 1. Stocks: SENSEX and NIFTY Face Declines The benchmark BSE Sensex saw a drop of 455.17 points,...
by Dhara Hariya | Sep 20, 2023 | Forex
India’s central bank, the Reserve Bank of India (RBI), took action to prevent the rupee from sliding to a historic low, according to reports from four traders interviewed by Reuters. The currency market had been closely monitoring the rupee’s performance,...