Business Desk, AnyTV, New Delhi
Published by: Vivek Das
Updated Fri, 24 Jun 2022 10:20 PM IST
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The market closed on the green mark on the last trading day of the week. The Nifty index climbed 142.60 points to close at 15699.25 points, while the Sensex also gained 462.26 points. On Friday, the Sensex closed at 52727.98. On Friday, the Indian rupee has declined marginally against the dollar to Rs 78.34 from Rs 78.31.
On Friday, shares of Rakesh Jhunjhunwala-invested mobile gaming company Nazara Tech saw a 20 percent jump in the market. Shares of Nazara Tech were trading as ex-bonus on Friday, due to which there has been a jump in the price of the company’s shares. Let us tell you that this year, the shares of Nazara Tech have registered a fall of up to 49 percent so far.
Forex reserves fall by $5.87 billion to $590.588 billion
India’s forex reserves declined by $5.87 billion to $590.588 billion in the week ended June 17. According to the Reserve Bank of India’s (RBI) data last week, forex reserves declined by $4.599 billion to $596.458 billion.
The reason for the decline in foreign exchange reserves in the week ended June 10 is the decline in foreign currency assets, which constitute a significant part of the total reserves. Apart from this, due to fall in gold reserves, there has also been a decrease in foreign exchange reserves. Foreign currency assets (FCAs) declined by $5.362 billion to $526.882 billion in the reporting week, according to the data.