Huge Decrease In The Wealth Of Adani And Ambani
Huge decrease in the wealth of Adani and Ambani, and both also slipped on the list of billionaires. Tuesday proved to be inauspicious for Gautam Adani and Mukesh Ambani.
Not only did he slip down one place in the list of billionaires on the Bloomberg Billionaire Index, but his wealth also saw a huge decline.
Gautam Adani has slipped from fifth place to sixth place due to wealth hours, while Mukesh Ambani, who was also in ninth place, has now come down to the tenth position.
How much did Gautam Adani and Mukesh Ambani’s wealth decrease: Huge decrease in the wealth of Adani and Ambani.
According to the Bloomberg Billionaires Index, Gautam Adani’s wealth has decreased by $527 million. His total net worth is $108 billion.
Warren Buffett has occupied fifth place with a net worth of $ 113 billion. On the other hand, Mukesh Ambani’s wealth declined by $1.15 billion and slipped from ninth place to the tenth position.
His total net worth is $89.5 billion. Steve Ballmer has now come in ninth place, whose total net worth is $ 92.1 billion.
Gautam Adani and Mukesh Ambani were also seen lagging behind in the Forbes Real-Time Billionaires list.
At 10.19 am, Gautam Adani’s wealth saw a decline of $ 4.9 billion and his total net worth stood at $ 106.8 billion. His assets have decreased by 4.57 percent.
At the same time, Mukesh Ambani’s wealth saw a decrease of $ 2.1 billion, and his total net worth was $ 90.5 billion.
There was a decrease of 2.22 percent in their assets. Shares of Reliance Industries were trading with a decline of 1.74 percent, down by 1.74 percent on the BSE.
RBI engaged in handling the falling rupee, know what measures the central bank is taking
The RBI has become active in the currency market after the rupee fell by 54 paise in a day against the dollar on Monday.
The result of this is that the rupee has strengthened in the last two days. On Wednesday, the rupee was strengthened by 10 paise to close at 77.24.
The rupee has strengthened by 20 paise in the last two days and the main reason behind this is the dynamic of dollar buying and selling from the central bank.
The intention of the central bank is that there should not be a lot of volatility in the rupee and the Indian rupee should not be too weak against other currencies of the world.
On Monday, the rupee had fallen by 54 paise to a record level of 77.44 in a day.
Not only economic experts had expressed serious concern about this, but the opposition parties also took a dig at the government.
Many economists have said that due to the pull of foreign institutional investors (FIIs) from the Indian stock market, the pressure on the rupee has increased
