The rupee weakened 0.26 per cent against the US dollar in July, remaining largely stable, even as bouts of volatility prompted the Reserve Bank of India (RBI) to intervene. On the last trading day of the month, the rupee closed almost flat at 82.25 a dollar, as compared to 82.26 on Friday. Rupee… Continue reading Rupee continues to remain stable in July, ends flat at 82.25 a dollar
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FPIs’ buying spree continues; invest Rs 45,365 cr in equities in July
Foreign portfolio investors (FPIs) continue with their buying spree in July with a net infusion of Rs 45,365 crore in Indian equity markets on stable macroeconomic fundamentals and steady earnings growth. However, it appears that the momentum of buying has slowed down and FPIs have turned sellers during the two trading days ahead… Continue reading FPIs’ buying spree continues; invest Rs 45,365 cr in equities in July