Indian equity markets faced a downturn for the fourth straight week, with the Nifty index retreating under 24,000. A combination of soaring crude oil prices and sluggish leading stocks contributed to the bleak market outlook. Analysts suggest the Nifty is likely to hover in a limited range without significant catalysts.
RBI net forex buys hit a record $43 billion in August, balances it with swaps
The Reserve Bank of India recorded a net purchase of $43.26 billion in August’s foreign exchange market. This was done to manage significant dollar inflows
October 24, 2026