The Reserve Bank of India (RBI) said that foreign exchange reserves increased by $531.1 billion for the week ending October 28—the largest weekly increase since September 2021. Experts speculate that the huge increase of $6.6 billion in India’s foreign exchange reserves may have been caused by the delivery of US dollars from the Reserve Bank…
Foreign portfolio investors (FPIs) changed from being continuous sellers for the previous two months to net purchases in the first week of November in Indian markets, ahead of the critical US Federal Reserve meeting. The FPIs invested $15,280 crore in Indian shares in November in expectation of a possible Fed rate cut and highly adverse…
The global weakness, India’s equity market managed to ignore the US Fed’s aggressive 75 basis point rate hike and finished with a small loss. However, Government Securities (GSecs) took a hit, and the rupee ended the day with less value. According to analysts, the market’s stability was due to significant purchasing by foreign portfolio investors…
The Rupee (INR), which has been one of the weakest Asian currencies in the past one month, remained stable against the dollar (USD) over the past week and has been gradually appreciating over the past few sessions. The currency market participants seem to be waiting for the announcements from the U.S. Federal Reserve which can…
Foreign Portfolio Investors (FPIs) cut out over ₹20,000 crore from financial services and information technology (IT) sectors in last month, as they continued their selling of Indian equity shares for the seventh straight month. According to latest data, the financial services sector saw a net out flow of ₹12,891 crore in April while the IT…
