India’s forex reserves have risen for the third consecutive week, driven by strong dollar inflows. The reserves increased by $13.9 billion over three weeks, with a notable $5.5 billion inflow on August 30 due to MSCI rebalancing. Foreign currency assets rose by $1.49 billion to $599 billion, and gold reserves increased by $893 million to $61 billion.
Dalal Street Week Ahead: Sideways consolidation likely to persist amid global trade uncertainty
The Nifty experienced a week of range-bound trading, closing slightly lower with a 0.53% loss. Facing resistance near the upper edge of a rising channel,