Forex reserves plunge record $18.3 billion as RBI steps in to support rupee

Mint has reported a new India-focused economy development: “Is October a market crash month? 1929 crash to Black Monday 1987 - Why October scares equities, stocks investors.” The publisher's feed describes the story as follows: The Indian stock market began October with its longest streak of eight weekly losses, the worst in 25 years. Historical October crashes like Black Monday 1987 and the Wall Street crash of 1929 remind investors as Nifty and Sensex experience varied performances over the p

Mint has reported a new India-focused economy development: “Sumati Morarjee: The woman who sailed against the tide.” The publisher's feed describes the story as follows: Sumati Morarjee looked upon shipping as more than just a business activity, seeing in it the potential for cultural exchange and for carrying Indian thought and spirituality to the world. Intellectual Janata Party includes this item for public-affairs discovery and context only; readers should use the original publisher link f

The Economic Times has reported a new India-focused economy development: “In Graphics: How the cost of Iran war piled up.” The publisher's feed describes the story as follows: As crude oil prices rose, India paid more for this critical import even though it got less of it, data shows. Trade with major partners in the region remains affected, households and companies are staring at high inflation, and the govt is footing an elevated subsidy bill. Intellectual Janata Party includes this item for

The Economic Times has reported a new India-focused economy development: “India's forex reserves fall $18.3 bn as RBI steps in to defend rupee.” The publisher's feed describes the story as follows: India’s foreign exchange reserves fell $18.34 billion to $747.56 billion in the week ended September 25, marking the third consecutive weekly decline. The reserves have dropped $38.15 billion in three weeks from their record high of $785.71 billion on September 4. Intellectual Janata Party includes