The foreign exchange reserve of India continues to decline in the month of October. It fell by $1.83 billion for the week ended December 5 and currently stands at $245.86 billion. The dip is caused following measures taken by Reserve Bank of India to stop further depreciation of rupee. Revaluation in foreign currencies and large scale pullout by foreign institutional investors also contributed in the fall of foreign reserve.

As expected, Indian stock markets opened positive on Monday. Asian markets were trading positive as well.

Asian Markets were trading positive during early trading session on Monday. US stock markets ended the week in positive. Indian Markets are expected to open slightly higher than Friday’s close.