India's cbank and market regulator ready to act to calm markets - statement

September 24, 2018 / in.investing.com / Article Link

NEW DELHI, Sept 23 (Reuters) - The Reserve Bank of India and the market regulator Securities and Exchange Board of India are closely monitoring developments in financial markets and are ready to take appropriate steps if needed, a central bank statement said on Sunday.

The statement comes after the Indian stocks, forex and bonds market turned volatile on Friday on worries over weak balance sheets of India's non-banking finance companies. rupee INR=D2 , Asia's worst performing currency this year against the U.S. dollar, has lost about 12 percent of its value against the U.S. currency so far, hitting successive lows in the past few weeks amid a widening current account deficit and a selloff in emerging markets.

Recent News

Gold stocks down as metal and equities momentum fades

September 02, 2024 / www.canadianminingreport.com

Another Kazatomprom guidance announcement shakes uranium price

September 02, 2024 / www.canadianminingreport.com

Major monetary drivers still supporting gold

August 26, 2024 / www.canadianminingreport.com

Gold stocks gain on metal rise and continued equities rebound

August 26, 2024 / www.canadianminingreport.com

Big Gold stocks outperform Big Base Metals

August 19, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok