The Reserve Bank of India’s foreign exchange reserves increased by $15 billion in the week ending March 7, reaching $653.9 billion. This is the largest single-week gain in over two years. The rise was due to the revaluation in the dollar index and foreign exchange swaps by the RBI. Foreign currency assets and gold reserves also saw increases.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is