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
The Indian rupee saw a positive turn on Wednesday, thanks to likely dollar sales by the Reserve Bank of India (RBI) and a decline in crude oil prices, which helped prevent the currency from reaching a record low. Closing at 83.0725 against the U.S. dollar, the rupee...
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,...
by Dhara Hariya | Sep 18, 2023 | Forex
The Reserve Bank of India (RBI) was actively engaged in the foreign exchange market in July, as revealed by the central bank’s monthly bulletin. During the month, the RBI purchased a net total of $3.47 billion, underscoring its efforts to manage currency...
by Dhara Hariya | Sep 15, 2023 | Forex
India’s foreign exchange reserves, as reported by the Reserve Bank of India (RBI), saw a decline to an 11-week low of $593.90 billion as of September 8. This marked a $5 billion decrease from the previous week, following a $4 billion increase in reserves...
