RBI Burned $8 Billion in One Week — Is Your Rupee Safe?
The rupee bounced to 95.20 but RBI's forex reserves took a brutal $8.1 billion hit in a single week — here is what every Indian investor needs to understand right now.
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WIKIFX REPORT: iFOREX to add 40 Indian share assets to their FXnet
Abstract：iFOREX - a leading global financial broker - announced the addition of more than 40 new shares from the Indian market to their proprietary platform, the FXnet. Key additions include Tata Power, Bharti Airtel, Bharat Electronics, Vodafone Idea, and Jindal Steel & Power.
iFOREX - a leading global financial broker - announced the addition of more than 40 new shares from the Indian market to their proprietary platform, the FXnet. Key additions include Tata Power, Bharti Airtel, Bharat Electronics, Vodafone Idea, and Jindal Steel & Power.
A spokesperson for Formula Investment House Ltd, operator of the www.iFOREX.com website, said: “The addition of these companies to our shares lineup will give our traders the opportunity to diversify their portfolio and with some of the top-performing companies on the Indian market.”
In adding these 40 new shares, the industry-leading broker will now offer nearly 300 share assets. The platform in total offers over 750 tradeable CFD instruments, including a variety of popular cryptocurrencies ranging from Bitcoin to Dogecoin.
For over 25 years, iFOREX has remained one of the largest and most respected firms in the Fintech industry, emerging early on as an industry leader in technological innovation and with a dedication to trust and excellence.
“By constantly adding new tradable assets, we make sure our traders always have the right amount of investment channels to choose from, and the ability to discover new markets and follow major trends,” said an iFOREX's spokesperson.
The addition of new, non-leveraged stocks went live on, April 3rd, 2022.
SOURCE iFOREX
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Further Reading
CMC MARKETS Analysis Report
CMC MARKETS presents a mixed picture for forex traders, earning a moderate overall rating of 6.4 out of 10 based on 228 reviews and a "Use with Caution" designation. The broker demonstrates notable strengths that have resonated with the majority of its client base, particularly its user-friendly interface that simplifies the trading experience, responsive customer support that addresses initial inquiries effectively, and a solid reputation for safety that provides some reassurance to traders. These positive attributes are reflected in the sentiment distribution, where 150 reviews were positive compared to just 47 negative ones, suggesting that many traders have had satisfactory experiences with the platform. However, the 20.6% negative rate cannot be ignored, as it highlights recurring concerns that potential clients should carefully consider.
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What? The Rupee’s Fall from 90 to 95 Remains the Fastest Five-Point Decline in a Decade!
No, we are not kidding! The rupee has indeed hit this low, from 90 to 95 against the US dollar, the fastest in nearly a decade, highlighting the slump due to rising crude oil prices and global uncertainty from the series of adverse events related to the geopolitical conflict in the Middle East. It just took five months for the rupee to weaken from 90 to 95, the sharpest five-point depreciation since the 2013 taper tantrum. During this period, the rupee declined from 60 to 65 within a month amid concerns over India’s current account deficit and large capital outflows.
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Top Trends in India’s Forex, Gold and Stock Markets Today
While it was a flat day for India’s benchmark stock indices (Sensex & Nifty), there was a sort of recovery for the rupee in the foreign exchange market on May 21, 2026. Giving investors more reasons to enjoy was another bull run for gold, which is touching the 16K threshold for 10 grams. Taking three markets combined, the overall sentiment remains mixed for investors. Here is how the day panned out for investors across these markets.
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