India’s forex kitty at $634.59 billion, gold reserves rise by $824 million
India's foreign exchange reserves fell by $5.7 billion to $634.59 billion for the week ended January 3, data released by the Reserve Bank of India (RBI) on Friday showed.
India's foreign exchange reserves fell by $5.7 billion to $634.59 billion for the week ended January 3, data released by the Reserve Bank of India (RBI) on Friday showed.
This stellar performance by nation’s largest life insurer exceeds the insurance industry’s growth of 14.41 per cent and the private life insurers’ growth rate of 14.55 per cent, the data showed.
Union Minister of Commerce & Industry, Piyush Goyal has said that the Product Linked Incentives (PLIs) and subsidies are detrimental to long-term growth and development of the clean energy sector.
The Adani Group on Friday raised about Rs 4,850 crore after selling 13.5 per cent of its stake in Adani Wilmar.
These startups have created over 1.6 million jobs across the country, demonstrating their role as significant employment generators.
Over the past 24 hours, variations in gold prices have been seen in several major Indian cities.
The Reserve Bank of India (RBI) does not have any fixed dollar-rupee exchange rate and its market interventions are to curb excessive volatility, said Governor Shaktikanta Das.
The 50 basis points hike in the repo rate coupled with inflationary pressure is likely to impact the sentiment of the Housing sector particularly in the affordable and mid-range housing segments.
The job market in India picked up pace ahead of the festive season as a report showcased a spurt in hiring activity this month with the Naukri JobSpeak index recording a double-digit growth at over 13 per cent year-on-year (YOY) and over 10 per cent sequential growth.
The Centre has hiked interest rate for senior citizen savings scheme by 20 basis points from 7.4 per cent to 7.6 per cent, according to a Finance Ministry notification.
