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The Indian rupee was barely changed in early trading on Monday as dollar demand from local importers offset positive cues from an uptick in most Asian currencies. The rupee was at 83.08... -May 27, 2024 at 12:20 am EDT - MarketScreener
Nifty closed the week with a 2.2% increase despite notable ups and downs, as seen in the India VIX reaching a 52-week peak with almost a 10% rise over four sessions. As trading resumes next Monday, numerous significant local and international events scheduled throughout the week are anticipated to influence market dynamics.
Forex Update: Gold reserves increased $1.072 billion to $55.952 billion during the week; special drawing rights were up $5 million to $18.056 billion, India's Foreign Exchange Reserves Jump $2.56 Billion to $644.15 BIllion
The initial implementation date of the RBI circular was April 5, which was later extended to May 3 after concerns were raised about participation in the exchange-traded currency derivatives market.
(This story has not been edited by THE WEEK and is auto-generated from a PTI