The RBI’s average daily gross interventions in the foreign exchange market in the previous financial year were 85% higher than the previous year as the rupee battled extraordinary global headwinds. The latest data show that on a gross basis, the RBI sold $212.57 billion and bought $187.05 billion in the previous financial year.
Market keenly watching if Budget could trigger mass market consumption: Sunil Subramaniam
Sunil Subramaniam, Market Expert, expects the Budget to focus on boosting consumer spending, particularly supporting those at the economic bottom. He predicts minimal tax changes,
January 23, 2025