The process of decline in the stock market continued for the seventh day, as the bank shares declined due to continuous withdrawal of foreign funds before the decision on RBI’s interest rate at the end of this week. The rupee strengthened in a limited range on Monday and closed down seven paise against the US dollar at its all -time low of 88.79 (provisional). India announced two new railway projects with Bhutan. Amidst strong economic growth and global conditions, Moody’s ratings on Monday retained India’s long -term local and foreign currency issuing ratings and local currency ratings on the BAA3. Let’s take a look at these news in detail in the business roundup.
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The condition of the stock market is disturbed. – Photo: Amar Ujala
Stock market dropped for seventh consecutive consecutive consecutive
The benchmark share index Sensex and Nifty closed down with a slight decline in the ups and downs on Monday. Due to this, the process of decline continued for the seventh day, as bank stocks declined due to continuous withdrawal of foreign funds before the decision on RBI’s interest rate at the end of this week. The rupee strengthened in a limited range on Monday and closed down seven paise against the US dollar at its all -time low of 88.79 (provisional). Learn the full condition of the stock market here
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Bhutan -India meeting – Photo: X/ @AirnewsHindi
India announced two border railway projects with Bhutan
India announced two new railway projects with Bhutan on Monday. The government said that rail connectivity will be established for Bhutan cities Samatsse and Gallefu at a cost of over Rs 4,000 crore. Railway Minister Ashwini Vaishnav and Foreign Secretary Vikram Egypt gave information about these railway projects during a media briefing. Misri said that the two governments have agreed to establish two cross -border rail connectivity to connect Banarhat (West Bengal) with Samatse and Kokrajhar (Assam) to Gallefu. Read the full news here in detail
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Symbolic Photo – Photo: ANI (File)
Moody’s retains India’s BAA3 ratings
Amidst strong economic growth and global conditions, Moody’s ratings on Monday retained India’s long -term local and foreign currency issuing ratings and local currency ratings on the BAA3. Moody’s said in his statement that the reason for the stable approach for India is the fiscal standard and stronger possibilities compared to the competitives of the country. Read the full news here in detail
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Gold -Silver Price – Photo: Adobestock
Gold and silver at new height due to weak dollar
Gold-silver prices were seen to be surprised amidst strong global demand. In the capital Delhi, the price of silver rose by Rs 7,000 to Rs 1.5 lakh per kg on Monday. At the same time, gold rose by Rs 1,500 to a new peak of Rs 1,19,500 per 10 grams. Gold with 99.5 percent purity also rose by Rs 1,500 to a record level of Rs 1,18,900 per 10 grams, by the All India Bullion Association. Learn the full condition of bullion market here