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The Reserve Bank of India's intervention to shield the rupee from volatility, fueled by Middle East tensions, has widened its net short forward position to a record $106.6 billion. Despite a recent dip to a historic low, the rupee has shown recovery, buoyed by anticipated foreign capital inflows. These expected inflows are seen as a potential avenue for the RBI to reduce its forward position and bolster foreign exchange reserves.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/WIwad0P
Global central banks are boosting gold reserves amidst rising geopolitical risks, with a significant portion planning to reduce US dollar exposure. A new survey reveals a strategic shift towards gold for protection, while the euro and renminbi are eyed as alternatives, though not without their own challenges. Central banks are also increasingly embracing AI for operational improvements, adapting to a world of persistent uncertainty.
Stock market recommendations: JSW Energy, Biocon, BHEL, and City Union Bank - these are the top stocks to buy recommended by Somil Mehta, Head of Retail Research at Mirae Asset Sharekhan for June 30, 2026:
