The Indian currency has remained stable despite deterioration in some of the macro parameters. File/Reuters
Sustained foreign inflows along with a slew of upcoming IPOs are expected to strengthen the Indian rupee during the week ahead. Accordingly, these factors are expected to push the rupee beyond its current 52 week high mark.
India’s foreign exchange reserves rose by $4.344 billion during the week ended April 9. According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the reserves increased to $581.213 billion from $576.869 billion reported for the week ended April 2.
Indian shares tumbled on Friday, as banking stocks came under pressure after the country’s central bank placed troubled lender Yes Bank under a moratorium and took over its board.
Aramex announced its financial results for the first half ending 30th June 2022. The company reported revenues of Dhs2.97 billion, while the net profit stood at Dhs91.9 million.
The Board of Trustees of the Sharjah Award for Public Finance — the first of its kind in the Arab world has announced the launch of the second cycle of the award,
Abu Dhabi National Oil Company (Adnoc) announced on Thursday a $1.17 billion (Dhs4.3 billion) contract for the hire of 13 self-propelled jack-up barges to drive offshore