Stock market updates LIVE: Indian benchmarks got off to a good start Tuesday, following strong signals from their Asian peers. The S&P BSE Sensex rose more than 650 points and held close to 49,200 levels. The index reached an intraday high of 49,237. The broader Nifty50 index exceeded 14,450. Bajaj …
Read More »Explained: Forex Reserves at an All-Time High – Why Did This Happen and What Does It Mean for the Indian Economy?
Written by George Mathew, Sandeep Singh, edited by Explained Desk | New Delhi | Updated: September 6, 2020 2:47:13 pm India’s foreign exchange (forex) reserves increased by $ 3.883 billion to hit an all-time high of $ 541.431 billion in the week ending August 28. (File photo) India’s foreign exchange …
Read More »Sensex increases 637 points, Nifty above 9,350; Axis Bank increases more than 7%, Ultra Cement among the best winners
[ad_1] Latest updates from the stock market: Sensex rises 637 points, Nifty above 9,350; Axis Bank increases more than 7%, Ultra Cement among the best winners NY: Asian stocks were expected to pull back on Wednesday as growing concerns about coronavirus infections and the timing of a vaccine outweighed rising …
Read More »Gold yields shine when the rupee loses against the US dollar
[ad_1] Gold prices have rebounded a lot in the past year, especially as central banks around the world are reprinting money to revive their economies. However, in the case of India, it is a little more than that. Mint takes a look at the situation. How much has gold recovered …
Read More »Rupee could fall to 80 to the US dollar in late June, analysts say
[ad_1] The Indian rupee today approached $ 77 and some analysts say the Indian currency could hit $ 80 in the coming months. Today, the rupee touched 76.91 at the low of the day before closing at 76.67. Although the rupee has significantly outperformed other emerging market currencies in this …
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