India’s foreign direct investment surged to $8.8 billion in April, a 22% increase year-over-year, bolstering the RBI’s foreign exchange reserves. While non-resident deposit inflows slowed, overall external commercial borrowing rose significantly. Despite a drop in foreign portfolio investment, India’s external sector remains resilient, with forex reserves reaching $698.95 billion in June.
Sensex rises over 400 points, Nifty tops 24,100 as oil slips below $70 on US-Iran peace talks
Indian stock markets saw a second day of gains, with Sensex and Nifty inching up as oil prices plummeted to $70 a barrel amid US-Iran