Since the US election on Nov 5, Bitcoin, the largest token, has surged by nearly 32%, reaching an all-time high of $89,599 early on Nov 12.
Forex traders said the Indian rupee touched new all-time lows weighed down by negative domestic markets which fell nearly 1.18%. A recovery in crude oil prices and FII outflows also dented investor sentiments. However, the softening of the US dollar prevented a sharp fall.
A recent viral post on X by management consultant Gurjot Ahluwalia which drew comparison between Gurgaon and New York while citing online listings of two luxury apartments led many social media users, including him, to conclude that real estate prices in India are ‘scamming’ customers.
While public issues raised a total of ₹ 17,109 crore in August, it was followed by ₹ 11,058 crore in September and an all-time monthly record of around ₹ 38,700 crore in October. Previously, November 2021 held the record for the maximum IPO fundraising at ₹ 35,664 crore.
Since Sep 2022, 214 tons have entered the nation as the government and RBI sought to protect their holdings in the face of increased geopolitical unrest worldwide.
In India, the Lulu group owns malls in Kochi, Bangalore, Lucknow, Coimbatore, Trivandrum, Palakkad, Hyderabad and Calicut.
All India Cabin Crew Association in a letter recently to Chief Labour Commissioner New Delhi said compelling crew members to share rooms during overnight layover is a draconian move.
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