Forex reserves surge to 10-month high of $588.7 billion https://ift.tt/Kdp5w84 rise in the reserves last week was driven by an increase in the RBI's foreign currency assets, which rose $5 billion to $519.4 billion, latest data showed. The central bank's gold reserves declined by $494 million to $45.6 billion last week.
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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