Forex reserves are sufficient to buffer external shocks, while the RBI warns of increased threats to world economy.

The Reserve Bank of India (RBI) stated on Monday that new US trade investigations and the military war in the Middle East, which was sparked by combined US and Israeli assaults on Iran, have raised volatility in international financial markets. In its State of the Economy report, the central bank stated that the global economic…

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Nifty ends close to 22,500, Sensex settles 1,800 points lower; six key factors lead to the market crash

As the crisis in West Asia entered its fourth week and drove up crude oil prices, the major indexes Sensex and Nifty finished substantially lower on Monday, following dismal global indications. Investor sentiment was also impacted by persistent withdrawals of foreign funds. The Nifty as a whole closed at an 11-month low of 22,512.65, down…

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A $300 million IPO is planned by Muthoot FinCorp in the face of unstable market conditions.

According to a Bloomberg story citing persons with knowledge of the situation, Muthoot FinCorp, a non-banking financial company focusing on gold loans, is preparing an IPO that may raise to $300 million. Muthoot Fincorp and the listed Muthoot Finance are very different. Despite coming from various branches of the same Muthoot family, they are originally…

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