Bank Nifty Crashes 1,433 Pts as RBI’s $100M Forex Cap Forces $40Bn Unwind; Axis, SBI Lead Sectoral Rout

Indian banking stocks plummeted on Monday as investors braced for a multi-billion rupee blow to treasury earnings following a surprise regulatory crackdown by the central bank aimed at stabilizing the rupee.The Nifty Bank index sank 1,433.50 points, or 2.67%, to trade at 52,274.6

Read More

  • Related Posts

    Why Bank Nifty Plummeted Over 4% After RBI’s This Forex Curb

    The sectoral bourse Bank Nifty plummeted over 4% in Monday’s trading session after India’s central bank RBI capped rupee’s foreign exchange exposure at $100 million by the end of each day.This Reserve Bank of India directive was issued last week, requiring compliance by April 10. Read More

    Dalal Street Bloodbath: Sensex Plunges 1,500 Pts as U.S.-Iran War Escalates; Brent Tops $115

    Indian equity benchmarks suffered a massive sell-off on Monday, with the BSE Sensex plunging over 1,500 points as the escalation of the U.S.-Iran conflict entered its fifth week, rattling global energy markets and triggering a flight to safety. By 3:28 PM IST, the S&P BSE Sensex Read More

    Leave a Reply

    Your email address will not be published. Required fields are marked *