Archive · 21 Jun 2025
India's Forex Reserves Rise, Arisinfra IPO Oversubscribed, Mirae Asset Launches New Funds
India's forex reserves, which are like a savings account for the country, went up by $2.29 billion, reaching almost $699 billion for the week ending June 13, 2025.
This shows India's economy is doing well.
Also, Arisinfra Solutions Limited's IPO, which is like selling shares to the public for the first time, was very popular, with more people wanting shares than were available.
Mirae Asset also launched two new funds.
One is for short-term investments in financial sector instruments, and the other uses a strategy to make money from price differences in the stock market.
India's forex reserves reached $698.95 billion for the week ending June 13, 2025.
This increase of $2.29 billion reflects a strong external position.
Arisinfra Solutions Limited's IPO was oversubscribed by 1.32 times.
Mirae Asset launched two new NFOs: a debt index fund and an arbitrage active FoF.
These NFOs offer short-term debt and arbitrage strategies for investors.
- Who
- Reserve Bank of India (RBI) and Mirae Asset Mutual Fund.
- What
- India's forex reserves increased and Arisinfra Solutions Limited's IPO saw high demand; Mirae Asset launched two NFOs.
- When
- For the week ending June 13, 2025.
- Where
- India
- Why
- The increase in forex reserves indicates a strong external position, and the NFOs offer new investment opportunities.
- Forex Reserves (June 13, 2025)
- $698.95 billion
- Increase in Forex Reserves
- $2.29 billion
- Arisinfra Solutions IPO Oversubscription
- 1.32 times
- Mirae Asset Debt Fund
- 9-12 months maturity
- Mirae Asset Arbitrage Fund
- Invests in arbitrage opportunities