Indian markets resumed their upward trajectory on Friday, rebounding from the heightened volatility triggered by the Union Budget 2024’s capital gains tax hike and an STT increase on derivatives. Despite less favorable global cues and foreign portfolio investors pulling out of Indian equities following the budget announcement, the indices staged […]
Indian rupee
Dalal Street witnessed volatile stock markets on Tuesday after the government proposed to hike securities transaction tax (STT) on futures & options (F&O) trade in the Union Budget for fiscal year 2024-25. Foreign institutional investors (FIIs) on Tuesday sold stocks of Indian companies worth ₹17,306.08 crore and bought stocks for […]
The foreign exchange reserves, or forex reserves, of India dropped more than USD 2 billion to USD 646.673 billion in the week ended on May 24, according to data released by the Reserve Bank of India (RBI) on Friday. In the prior week, the forex reserves had increased by USD […]