Stock Market Highlights: BSE Sensex ends 790 points up, NSE Nifty50 above 23,650; crude oil prices still elevated, Trump-Xi meeting in focus

“Indian equity markets are expected to open on a positive note, with Gift Nifty trading at 23,545, up by 125 points. Global equities advanced following a largely upbeat session on Wall Street, as investors overlooked elevated PPI data and continued buying in technology and communication stocks. Market participants are also closely watching developments around the…

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Significant decline! How much have India’s forex reserves fallen since US-Iran war? Asian economies biggest losers

India’s reserves have fallen 5.2% to $691 billion. (AI image) Philippines and India are the Asian countries that have seen the highest percentage losses to their foreign exchange reserves as a result of the ongoing US-Iran conflict that has sent global crude oil prices to above $100 per barrel levels. Foreign-exchange reserves across Asia are…

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ICICI launches dollar denominated debit cards for non-residents through GIFT City account

Mumbai: ICICI Bank has launched a USD-denominated debit card in partnership with Visa, marking a shift in how Non-Resident Indians manage offshore wealth by eliminating currency conversion layers for dollar spending.The product allows NRIs to spend directly in USD without incurring the typical 3.5% currency markup fee and GST that applies when using Indian NRE…

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