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Foreign exchange reserves have dropped to about $533 billion from a peak of about $634 billion in 2021, in part because of the growing current account deficit that S&P says will jump to 3% of GDP in the current fiscal year from 1.6% in the preceding fiscal. S&P expects commodity prices, particularly for energy, to stabilise around current levels through 2023, after which they may decline more meaningfully, which would help moderate the current account deficit.

The central bank has raised the key policy rate by a cumulative 1.9 percentage points in four successive reviews beginning May to 5.9%, above pre-pandemic levels. Last month, the RBI retained its inflation projection for FY23 at 6.7% while lowering the growth forecast to 7% from 7.2% estimated earlier. On March 31, 2021, the Centre retained the inflation target and the tolerance band for the next 5-year period - April 1, 2021, to March 31, 2026.

Asset Reconstruction Company of India (Arcil), Edelweiss ARC and government-promoted National Asset Reconstruction Company, which have NOFs exceeding ₹1,000 crore, are eligible to submit bids in bankruptcy settings. The central bank has further said that ARCs should not retain any control over the insolvent company after five years, thus indicating that it would have to find a buyer and exit the company in the medium term.

The instructions regarding the prudential treatment of the existing ratings issued by the rating agency shall be advised separately,” RBI said in a release. The capital market regulator earlier directed Brickwork to wind up its business within six months and not to take any new clients or mandates.

Buy-sell swap trades have ensured that systemic rupee liquidity, which would otherwise have shrunk as a fallout of spot-market dollar selling, remains adequate through the festive period.

According to a release, NDSL has invested 10 crore to buy 1 million shares which translates to a 5.6% equity stake. ONDC is promoted by the Department for Promotion of Industry and Internal Trade and aims to provide a digital platform that aggregates sellers and buyers of various goods

"On the daily chart, the Nifty made a bullish harami pattern, suggesting a rise in optimism. Besides, the index has found support at 200-DMA for the second consecutive day. Over the short term, the index may remain within a band,” Rupak De, Senior Technical Analyst at LKP Securities, said.

As of the quarter ended June, it held 3.2% stake in Amber Enterprises

The firm announces October 25 as the record date for payment of the dividend

The Dow Jones Industrial Average fell 6.1 points, or 0.02%, at the open to 29,233.06. The S&P 500 rose 2.0 points, or 0.06%, at the open to 3,590.83​, while the Nasdaq Composite rose 10.8 points, or 0.10%, to 10,436.996 at the opening bell.