Foreign investors withdrew over Rs 22,000 crore from Indian equities
In January so far, foreign investors have withdrawn Rs 22,194 crore from Indian equities.
In January so far, foreign investors have withdrawn Rs 22,194 crore from Indian equities.
Notably, the rupee dropped to 85.0650 against the US dollar in early trade, compared to 84.9525 on Wednesday.
The African Development Bank (AfDB) released about 511 million US dollars to finance four government programmes in Niger, an AfDB official said Sunday.
The Indian rupee’s stability, despite external pressures from weak Asian currencies and rising US bond yields, highlights a nuanced approach by the Reserve Bank of India (RBI) in managing the currency.
The Indian rupee’s slide to a record low against the US dollar underscores the complex interplay of domestic and global economic factors that influence currency valuation.
At the interbank forex market, the rupee opened higher at 69.63 and rose further to quote at 69.62, showing a rise of 15 paise over its previous close.
The rupee opened a shade lower at 70.19 a dollar against the previous close of 70.18 a dollar.
Apart from export-oriented IT and pharma stocks all other sectors ended in the green, both on NSE and BSE.
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Investors kept a close watch on whether Democrats will claw back control of the US House of Representatives and Republicans will hold on to its Senate majority.
