SGX Nifty down 30 points; here s what changed for market while you were sleeping
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Last Updated: Jan 22, 2021, 08:10 AM IST
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Asian stocks opened on a negative note on Friday. Australia s ASX200 index fell 0.08 per cent in early trade. Nikkei dropped 0.36 per cent to 28,652.51.
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Domestic stocks may develop cold feet on Friday, mirroring the poor start to trade in other Asian markets and weakness on technical charts. Here’s breaking down the pre-market actions:
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 31 points, or 0.21 per cent, lower at 14,612.50, in signs that Dalal Street was headed for a negative start on Friday.
Updated Jan 19, 2021 | 08:09 IST
In the midst of coronavirus pandemic, the performance of India in accumulating foreign currency reserves is timely and remarkable. Representational image
New Delhi: Foreign exchange reserves of India totalled US$ 477 billion as on March 20, 2020. This figure stood at US$ 581 billion as on December 25, 2020, recording a whopping increase of US$ 104 billion in a relatively short period of around 9 months.
The surge in reserves has been consistent and is still continuing (see table below). Data on foreign exchange reserves is released by the Reserve Bank of India (RBI) on a weekly basis through its publication Weekly Statistical Supplement.
The Philippines’ foreign currency reserves have continued to build up and hit a new all-time high as of end-December 2020, the Bangko Sentral ng Pilipinas (BSP) said Friday.
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