India’s forex kitty at $684.8 bn, gold reserves go up
However, gold reserves, which form part of the foreign exchange kitty, increased by $1.08 billion to $68.53 billion during the week, according to the central bank.
However, gold reserves, which form part of the foreign exchange kitty, increased by $1.08 billion to $68.53 billion during the week, according to the central bank.
During the visit, Goyal participated in the Plenary Session of the 8th Edition of Future Investment Initiative (FII), with representatives from global governments and the industry.
The forex had hit an all-time high of $704.885 billion at the end of September.
Indian benchmark indices Nifty and Sensex ended the week with gains after two consecutive weeks of losses.
The US Fed’s rate decision, more importantly the Fed commentary on Wednesday night, will decide the trend in the US market, he said.
The concerns triggered by the ongoing Israel-Hamas conflict had resulted in the creation of big short positions in the market, and now these shorts are being covered pushing the markets up, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
The US 10-year bond yield climbing to a 10-month high of 4.54 per cent and the dollar index spiking to…
On a year-to-date basis, 59 per cent of BSE-200 constituents declined, as Future Retail and financial stocks like Canara Bank, Bank of Baroda, and Punjab National Bank were the major laggards, said the report titled 'India Strategy - NOV'20: The Eagle Eye'.
During the trading session, S&P BSE Sensex index rose as much as 309 points to hit 39,361.06.
The Sensex rose as 178.74 or 178.74 per cent to touch 39,230.80 at 1216 hours. Similarly, NSE Nifty moved 46.60 or 0.40% to reach 11,632.95.
