Tuesday, September 08
India’s foreign exchange reserves fell by $2.7 billion to $687.73 billion in the week ended November 7, 2025, the Reserve Bank of India (RBI) said on Friday.The reserves had dipped by $5.6 billion to $689.73 billion in the week preceding that, the weekly statistical data shared by the central bank had noted.For the week ended November 7, foreign currency assets, a major component of the reserves, decreased by $2.45 billion to $562.13 billion, the RBI data showed.Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.Value of gold reserves declined by $1.95 billion to $101.53 billion during the week, the RBI said.Notably, the central bank's gold reserves ha
Institutional investors are showing renewed confidence in India’s largest public sector lender, State Bank of India (SBI), as both foreign and domestic players raise their stakes amid strong earnings momentum and a positive outlook from analysts.In the September quarter, SBI reported a 10% year-on-year rise in standalone net profit to Rs 20,159 crore, up from Rs 18,331 crore in the same period last year. This marks the first time in five quarters that the bank has crossed the Rs 20,000-crore profit mark, last achieved in March 2024 when it posted Rs 20,698 crore.Investor sentiment remains buoyant. According to the latest shareholding pattern, foreign institutional investors (FIIs) increased their stake to 9.57% in the September quarter, compared to 9.33% in the previous quarter. Domestic
