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Forex Reserves Down $1.15b to $571.56b

Updated at : 2022-07-30 11:40:03

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Foreign exchange reserves got depleted by $1.152 billion in the week to July 22, reflecting the unabated fall in reserves albeit at a lesser pace. The reserves stood at $571.560 billion as against the all-time high of $642.453 billion seen on September 3 last year, Reserve Bank data showed. -Our Bureau

In terms of the OI data, 17,000 is a fighting level where there is a significant amount of call and put writing for the August series.

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Amazon lost USD 2.03 billion, or 20 cents per share, in the three-month period ended June 30, driven by a USD 3.9 billion write-down of the value of its stock investment in electric vehicle start-up Rivian Automotive.

"The first rule of investing is that one should know where one is investing. An idea can be borrowed but not conviction. Every investor has a different investing process. This helps the investor to navigate through the downcycle prudently. Ours is research-based investing. Learning while unlearning is important in equity markets. Here, firstly analyse why the portfolio is down."

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GMR Infrastructure in its performance highlights said Delhi Airport and Hyderabad Airports exhibited strong recovery of international traffic at 79 per cent and 87 per cent of pre-Covid levels, respectively.

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"The Corporation on July 29, 2022 entered into a share purchase agreement (SPA) with SBI for acquisition of 97,500 equity shares of HVCL representing 19.50 per cent of its paid-up share equity capital, at a consideration of Rs 10 per share," HDFC said in a regulatory filing.

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Its revenue from operations was up 8.05 per cent to Rs 148.15 crore during the quarter under review. It stood at Rs 137.11 crore in the year-ago period.

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"The strong growth continued in the quarter gone by, despite the uncertain external environment. Demand growth in the farm and auto segment, combined with continuing growth in other markets has been strong," said Rampraveen Swaminathan, Managing Director at Mahindra and Chief executive Officer at Mahindra Logistics Ltd.

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Amazon shares jumped as much as 12% on Friday, their biggest move since Feb. 4, while Apple advanced 3.6%.

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