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Foreign exchange reserves increase from $ 1.444 billion to $ 589.465 billion: RBI data

The country’s foreign exchange reserves increased by $ 1.444 billion to reach $ 589.465 billion in the week ended May 7, 2021, according to RBI data. During the previous week ended April 30, 2021, reserves had increased by $ 3.913 billion to reach $ 588.02 billion. Reserves had reached a …

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Business News | Stock market and stock market news

Search for quotes, news, net asset values ​​of mutual funds Adani Ports INE742F01042, ADANIPORTS, 532921 Adani power INE814H01011, ADANIPOWER, 533096 Adani Company INE423A01024, ADANIENT, 512599 BHEL INE257A01026, BHEL, 500103 Power of trust INE614G01033, RPOWER, 532939 Search for quotes, news, net asset values ​​of mutual funds Adani Ports INE742F01042, ADANIPORTS, 532921 …

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Rupee drops 8 paise to 73.42 amid foreign currency outflows and soaring oil prices

The rupee fell 8 paise to close at 73.42 against the US dollar on Wednesday, ending its four-day streak of gains amid risk aversion in global markets and soaring crude oil prices . In the interbank forex market, the local unit opened lower at 73.51 against the greenback and traded …

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Share of US dollar in global foreign exchange reserves drops to lowest level in 25 years

The share of US dollar reserves held by central banks fell to 59% – its lowest level in 25 years – during the fourth quarter of 2020, according to a recent survey by the International Monetary Fund (IMF). The results of the IMF’s Survey of the Currency Composition of Official …

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New York Times beats income estimates, offers upbeat advice

Shares of New York Times Co. edged up in pre-market trading on Wednesday, after the newspaper group beat first-quarter earnings estimates and offered bullish second-quarter guidance. The company posted net income of $ 41.1 million, or 24 cents per share, for the quarter, up from $ 32.9 million, or 20 …

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Indian currency market disrupted as banks shield dollar assets

NEW DELHI: The Indian forex market is disrupted after the government asked state banks to protect their dollar deposits due to a tax dispute. Authorities have asked banks to protect their dollar deposits, fearing Britain’s Cairn Energy Plc could seize India’s offshore assets after winning an arbitration decision, according to …

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