Forex kitty grows in Q3 on better external factors, but headwinds need close watch https://ift.tt/yNUAZOR fell $104 billion in the one year up to September 30 - and surged $30 billion in just the next three months. Forex reserves are at $562.8 billion as of December 30 - enough to cover around nine months of projected imports.
NSE IFSC-SGX Connect may be fully operational by June https://ift.tt/XC89Iks this connectivity, global investors who are clients of SGX will be able to trade in Indian derivatives market remotely without having to set up a shop in India. Currently, only a few trades are being executed through the route.
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