In a bold move towards financial stability, India’s Reserve Bank is transforming its foreign exchange strategy. By acquiring more gold and scaling back on US Treasury Securities, the bank is effectively diversifying its reserves. This shift underscores gold’s reputation as a secure asset in volatile economic climates, with India’s gold reserves now surpassing a staggering 100 billion dollars.
NSE said to set modest fee for its $2.5 billion India IPO
The National Stock Exchange of India is setting a modest advisory fee of around 0.65% for its upcoming IPO, potentially totaling $16.25 million. This contrasts