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Several high-profile firms have stepped up their presence in the state in recent years, attracted by its perceived favorable legal and regulatory environment.
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Gold hit a record high of Rs 88,672 per 10 grams, enough to buy luxury cars like BMW and Audi. Its three-year rally, driven by central bank purchases and geopolitical tensions, continues in 2024. Analysts predict further gains amid global uncertainties and stimulus measures.
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Indonesian stocks fell as much as 7.1% on Tuesday and the rupiah slid to a two-week low against the dollar, pressured by concerns over the government’s fiscal strategy and growth prospects a day before a central bank review of monetary policy.
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The 30-share BSE Sensex closed up 1131.31 points at 75301.26
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