The Swiss bank is cutting thousands of jobs to restructure and win back customers after scandals and financial losses, according to WSJ. It said its wealth management saw around USD 100 billion of customer outflows in the fourth quarter, when concerns about its financial health reached a fre
According to the report, net claims of non-residents on India increased by USD 34.3 billion during second quarter (Q2) of 2022-23 and stood at USD 389.6 billion in September 2022.
New Delhi [India], July 18 (ANI): The Indian economy remains resilient despite formidable global headwinds and amidst fears of a recession, the Reserve Bank of India said in its latest monthly bulletin.
New Delhi [India], July 15 (ANI): The rupee has witnessed a consistent depreciation against the US dollar with multiple all-time lows in 2022, and is now only a whisker away from touching the 80 mark. The value of rupee depreciated by around 6 per cent this year.
Mumbai (Maharashtra) [India], July 5 (ANI): The Indian rupee slumped to a new record low of 79.38 against the US dollar on Tuesday amid continued foreign fund outflows and a widening trade deficit.
New Delhi [India], June 29 (ANI): Domestic equity indices declined substantially in the opening session of Wednesday due to consistent depreciation of rupee, foreign fund outflows, prevailing inflation concerns, among others. Indian currency rupee has been consistently hitting fresh all-time
Mumbai (Maharashtra) [India], June 13 (ANI): The Indian rupee slumped below 78 against the US dollar on Monday dragged by foreign fund outflows amid selloffs in the stock markets.
Mumbai (Maharashtra) [India], May 19 (ANI): The Indian rupee dipped to a new record low of 77.76 against the US dollar on Thursday amid a meltdown in the equities markets as foreign funds outflows continue unabated.
Beijing [China], April 9 (ANI): Foreign investors reduced their holdings of Chinese bonds by more than USD 15 billion in March, a record high and the largest withdrawal from China in a single month. It was the second month in a row that foreign investors sold Chinese bonds. Massive outflows
Mumbai (Maharashtra) [India], July 5 (ANI): The beginning of second Covid-19 wave has resulted in significant deposit outflows from banking system in alternated fortnights, the pace of which has now again moderated, according to a new report from State Bank of India's (SBI's) economic resear
Mumbai (Maharashtra) [India], Apr 10 (ANI): The domestic mutual fund industry's assets under management (AUM) dipped 1 per cent on-month in March because of net outflows from open-ended debt funds but cumulative inflows in fiscal 2021 equalled Rs 2.09 lakh crore while the asset base expanded