India’s foreign exchange reserves took a notable hit recently, largely due to fluctuations in the currency market and changing valuations. The Indian rupee faced increased instability against the US dollar, worsened by escalated geopolitical tensions that rocked global energy markets. This situation has put pressure on India’s energy imports.
Nifty’s early comeback signal: Why largecaps are holding up as broader market slides
India’s equity market divergence suggests largecaps may be regaining leadership as mid- and smallcaps remain under pressure. The Nifty has recovered to broadly flat returns
October 29, 2026