Forex reserves surge to 10-month high of $588.7 billion

May 6, 2023

The rise in the reserves last week was driven by an increase in the RBI’s foreign currency assets, which rose $5 billion to $519.4 billion, latest data showed. The central bank’s gold reserves declined by $494 million to $45.6 billion last week.

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Foreign Portfolio Investors have exhibited a selling trend in Indian equities, with outflows of Rs 555 crore in July, marking a reversal after three months

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F&O Talk| Nifty cracks 20-DMA amid bearish momentum, macro cues keep investors on edge: Sudeep Shah

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