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Indian Markets End Week Higher as Tariff Worries Recede
The benchmark Nifty 50 opened with a huge gap-up to almost its 20-day exponential moving average (DEMA) level of about 22,900. After trading in a small range, it eventually settled at 22,828.55.
India's Forex Reserves Climb to $676.3 Billion, Marking Fifth Consecutive Weekly Gain
The majority of the rise was due to a rise in foreign currency assets, which rose by $9 billion, taking it to $574.08 billion. The gold reserves also made a positive contribution by gaining $1.5 billion to reach $79.36 billion. India's Special Drawing Rights (SDRs) also increased by $186 million to reach $18.36 billion.
RBI to Inject ₹40,000 Crore into Banking System via Bond Purchases on April 17
The move is to manage the changing liquidity condition in the financial system, as per an official statement by the central bank.
Delhi Airport's Terminal 2 Closure from April 15: Airlines Advise Passengers to Shift Flights to Terminal 1
As part of a major upgrade and maintenance project at Terminal 2, airlines have begun to issue advisories to passengers regarding the change in flight operations.
India and US Finalize Terms for Initial Phase of Trade Deal, Eyeing 90-Day Negotiation Window
The official added that the two countries have already settled the terms of reference (ToR) to start negotiations for the agreement.
India Poised to Outshine Emerging Markets Amid Global Volatility: Jefferies
"India is likely to be a relative outperformer," Jefferies said in its report, while also recognizing the challenge involved in predicting precise index movements.
Trump to Reimpose Tariffs on July 9 for No-Deal Nations; India Faces 26% Levy
For India, this would result in the revival of a 26 per cent duty, raised from the currently existing lower level of 10 per cent.
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