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BENGALURU, April 8 : The Bank of Korea will keep its key interest rate unchanged at 2.50 per cent on Thursday and for the rest of the year, a Reuters poll forecast, as policymakers assess the impact of the Iran war on domestic cost pressures. Since the start of the U.S.-Israeli strikes on Iran, oil prices have increased over 50 per cent, raising risks to both growth and inflation. South Korea is the world's fourth-largest importer of oil with around 70 per cent coming from the Gulf region. At ...Read More >
Mumbai: The Indian rupee climbed Tuesday, advancing for three days on the trot, to close at 92.98/$, reflecting the anticipated impact of unwinding of lenders' positions in the overseas forwards markets ahead of a regulatory deadline that aimed to provide support for a unit that lost the most in 14 years last fiscal. The rupee advanced 9 paise from its previous close of 93.07/$. It traded Tuesday in a narrow range as dealers remained on edge about the US deadline to reach a deal with Iran. The ...Read More >
New Delhi, April 7 (SocialNews.XYZ) India's headline CPI could rise to between 4.5 and 4.8 per cent from a base case of about 4 per cent, and RBI's April policy is likely to keep rate changes on hold in a cautious tone, a report said on Tuesday. The report from Yes Bank said GDP growth is expected to moderate to about 7 per cent with downside risks if the US-Iran war persists. "Growth has remained resilient so far, supported by domestic demand - both private consumption demand and government's ...Read More >
Mumbai: The Reserve Bank of India (RBI) has started its three-day Monetary Policy Committee (MPC) meeting from April 6 to April 8, 2026. This is the first policy review of the financial year 2026-27. The final decision will be announced on Wednesday, April 8, at 10:00 AM. RBI Governor Sanjay Malhotra, who leads the six-member committee, will also address a press conference at 12:00 noon on the same day. Where To Watch The Announcement? The RBI will stream the policy announcement live on its o ...Read More >
Mumbai (Maharashtra) [India], April 7 (ANI): Ahead of the Reserve Bank of India's (RBI) Monetary Police Committee (MPC) announcement of decisions taken in its first meeting of the financial year 2026-27 on Wednesday, economists have opined that the central bank is most likely to maintain the 'status quo' on repo rates. There would, however, be several policy decisions that will be announced, addressing key macro issues, they said. Also Read | BTS' Parent Group HYBE Announces India Auditions fo ...Read More >
Mumbai (Maharashtra) [India], April 7 (ANI): Ahead of the Reserve Bank of India's (RBI) Monetary Police Committee (MPC) announcement of decisions taken in its first meeting of the financial year 2026-27 on Wednesday, economists have opined that the central bank is most likely to maintain the 'status quo' on repo rates. There would, however, be several policy decisions that will be announced, addressing key macro issues, they said. Speaking exclusively to ANI, Dipti Deshpande, Principal Economi ...Read More >
Mumbai, April 7: Indian equity markets extended their winning streak for a fourth straight session, supported by late buying interest that lifted benchmark indices higher by the close. The Nifty ended the day up 0.68 per cent, gaining 155.40 points to settle at 23,123.65. Meanwhile, the Sensex rose 0.69 per cent, or 507.73 points, to close at 74,616.58. "Going ahead, continuation of this momentum may push the index towards the 23500-23600 resistance band, which remains a critical hurdle due to ...Read More >
Mumbai, April 7 (SocialNews.XYZ) Indian equity markets extended their winning streak for a fourth straight session, supported by late buying interest that lifted benchmark indices higher by the close. The Nifty ended the day up 0.68 per cent, gaining 155.40 points to settle at 23,123.65. Meanwhile, the Sensex rose 0.69 per cent, or 507.73 points, to close at 74,616.58. "Going ahead, continuation of this momentum may push the index towards the 23500-23600 resistance band, which remains a critic ...Read More >
New Delhi: The Reserve Bank of India has accelerated the repatriation of its gold reserves, bringing back over 274 tonnes since March 2023, NDTV reported. Around two-thirds of India's 880.8 tonnes of gold is now held domestically, driven by geopolitical risks and the need for greater liquidity and control, the report said. In parallel, France's central bank, Banque de France, has completed the repatriation of its gold reserves from the Federal Reserve Bank of New York within a year, bringing b ...Read More >
MUMBAI, April 7 (Reuters) - Pricing distortions stemming from the Indian central bank's recent foreign exchange curbs have opened up arbitrage between exchange-traded rupee futures and onshore forwards. However, bankers are wary of taking positions amid heightened regulatory risks, four market participants said. The recent spate of measures, including limits on net open FX positions of banks in the deliverable rupee market, has led to a reversal of chunky arbitrage banks, unleashing heavy doll ...Read More >
Mumbai, Apr 6 (PTI) The RBI on Monday said it has cancelled the licence of The Shirpur Merchants' Co-operative Bank as the lender does not have adequate capital and earning prospects. Consequently, the bank ceases to carry on banking business, with effect from the close of business on April 6, 2026, the Reserve Bank said in a statement. The Commissioner for Cooperation, Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint ...Read More >
Mumbai, Apr 7 (PTI) The rupee depreciated 17 paise to 93.07 against the US dollar in early trade on Tuesday, weighed down by unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation. Forex traders said the USD/INR pair remains vulnerable to any flare-up in the US-Iran conflict, which in turn would push crude oil prices further. At the interbank foreign exchange market, the rupee opened at 93.05 against the US dollar, then lost gr ...Read More >
* March job gains surpass expectations, unemployment rate dips * ISM non-manufacturing PMI decelerates, prices paid hit 3-1/2-year high * Soleno Therapeutics surges on Neurocrine's $2.9 bln buyout deal (Updates to market close) By Stephen Culp and Purvi Agarwal April 6 (Reuters) - U.S. stocks advanced on Monday as investors looked for signs of progress toward a U.S.-Iran ceasefire deal and evaluated President Donald Trump's progressively heated threats of escalation should Iran fail to reope ...Read More >
Mumbai: The rupee traded within a tight range against the dollar on Monday, appreciating to a two-week high of 92.7925 in early trade on central bank measures to curb speculative and arbitrage trades but lost most of it as oil marketing companies, importers bought dollars to hedge their payments. The rupee closed up 4 paise at 93.06 against the dollar, after closing at 93.10 in the previous session (on Thursday). Markets were closed on Friday on account of Good Friday. The rupee had appreciate ...Read More >
Kolkata: Buyers may advance their gold jewellery purchases for the April-July wedding season by booking orders on Akshaya Tritiya if the recent softening in prices persists, said Arun Narayan, chief executive of Tanishq, the jewellery division of Titan. Demand is expected to skew toward 18-carat and lightweight designs in eastern and northern markets, while western and southern regions could see stronger traction for heavier pieces, he told ET. Also Read | Gold hoarding by central banks picks ...Read More >
April 6 (Reuters) - India's central bank on Monday kept foreign debt investment limits unchanged for 2026-27, as foreign investors continue to hold lesser amounts of government bonds than permitted. The central bank, which revises these limits annually, said overall investment ceilings will increase in absolute terms as the pool of government debt increases. Here are the details: ** Foreign portfolio investment limits for 2026-27 were kept unchanged at 6% for government securities, 2% for st ...Read More >
New Delhi [India], April 6 (ANI): The Reserve Bank of India has retained the percentage limits for foreign portfolio investor (FPI) investments in debt markets for the financial year 2026-27, while increasing the overall investment cap in line with the expansion of the bond market. In a circular released on Monday, the RBI stated that the limits for FPI investment under the general route will remain unchanged. It stated, "The limits for FPI investment in Government Securities (G-Secs), State G ...Read More >
New Delhi [India], April 6 (ANI): Gold is expected to remain volatile but largely rangebound over the next one month as easing geopolitical tensions, elevated oil prices and uncertainty over interest rates continue to weigh on sentiment, analysts said. "Gold remained below USD 4,700 per ounce on Monday as markets reacted to reports of a possible 45-day ceasefire between the U.S., Iran and regional mediators," said Amit Gupta, Senior Research Analyst - Commodities at Kedia Advisory. "While easin ...Read More >
MUMBAI, April 6 (Reuters) - Indian companies' activity in the non-deliverable forwards (NDF) market surged to over $7 billion on March 30, around seven times the average, signaling a rush to capture arbitrage opportunities created by banks unwinding positions following regulatory curbs. The unwinding followed the Reserve Bank of India's imposition of restrictions on lenders' net onshore open FX positions, prompting a rush to lower positions aimed at benefitting from gaps between onshore and non ...Read More >
Mumbai: The Indian rupee closed stronger on Monday, gaining 14 paise to settle at 93.04 against the US dollar. It opened at 93.13 and moved higher during the day, touching an intraday high of 92.79 before ending slightly lower but still in positive territory. This continues the recent recovery seen in the currency after sharp movements last week. RBI Measures Offer Support The rise in the rupee was mainly supported by steps taken by the Reserve Bank of India to reduce volatility in the forex m ...Read More >
[MUMBAI] The Reserve Bank of India's (RBI) tightening of foreign exchange (FX) rules will help shield the rupee from pressures emanating from offshore markets, but traders may continue drawing pricing signals from those markets, a senior Axis Bank official said. A 4.5 per cent fall in the Indian rupee since the breakout of the Iran war has prompted the central bank to impose a cap on banks' net open FX positions in the onshore markets in late March. The RBI also barred lenders from offering no ...Read More >
Mumbai, Apr 6 (PTI) The Reserve Bank's rate-setting panel on Monday started its three-day brainstorming session on the first bi-monthly monetary policy of the fiscal amid expectations of a status quo on the benchmark lending rate in view of apprehensions of a spike in inflation due to ongoing West Asia crisis. The decision of the six-member Monetary Policy Committee (MPC), headed by Reserve Bank Governor Sanjay Malhotra, will be announced on Wednesday. The RBI has cut rates by a total of 125 b ...Read More >
Mumbai: Mumbai's bullion market witnessed a downward correction in precious metal prices on Monday, April 6, 2026, providing a slight reprieve for investors and consumers alike. The price for 24-karat gold, often considered the benchmark for pure gold, fell by Rs 180 per gram, bringing the current market rate to Rs 14,913. This shift reflects broader fluctuations in the global commodities market and local demand-supply dynamics within the city. The 22-karat gold segment, which is primarily used ...Read More >
Mumbai, Apr 6 (PTI) The Congress on Monday hit out at the Shiv Sena (UBT) over the latter's accusation that the grand old party was using regional outfits as "crutches", and not treating them as "equal stakeholders" in the Opposition alliance. Maharashtra Congress spokesperson Sachin Sawant criticised the editorial in the Sena (UBT) mouthpiece 'Saamana', alleging that the newspaper's executive editor, MP Sanjay Raut, appears confused on several occasions between his roles as a politician and jo ...Read More >
New Delhi: The Indian rupee opened 10 paise higher at 93 against the US dollar on Monday, as traders continued to unwind speculative positions in the offshore non-deliverable forwards (NDF) market. The domestic currency was trading at 93 per dollar in early trade, compared to its previous close of 93.10. Currency and fixed income markets remained closed on April 3 on account of Good Friday. The rupee has gained around 2 per cent over the past week following the Reserve Bank of India's (RBI) me ...Read More >
New Delhi, Apr 6 (PTI) Precious metal prices in the domestic markets are expected to remain moderately bullish in the fiscal year 2026-27 as geopolitical tensions, trade war fears and growing recession risks globally are likely to bolster safe-haven demand, even as elevated interest rates may limit sharp gains. On the domestic front during FY26, silver futures surged by Rs 1,41,431, or 142.2 per cent, from Rs 99,461 per kg recorded on April 1, 2025, while gold soared by Rs 60,258, or 67 per cen ...Read More >
MUMBAI, April 6 (Reuters) - The Reserve Bank of India's tightening of foreign exchange rules will help shield the rupee from pressures emanating from offshore markets, but traders may continue drawing pricing signals from those markets, a senior Axis Bank official said. A 4.5% fall in the Indian rupee since the breakout of the Iran war prompted the central bank to impose a cap on banks' net open FX positions in the onshore markets in late March. The RBI also barred lenders from offering non-de ...Read More >
Mumbai: India's central bank is expected to keep interest rates on hold on Wednesday as policymakers assess the fallout from the war in Iran, which threatens the South Asian economy and has battered its currency and bond markets. Instead, the focus is likely to be on calming financial markets, with assurances of readiness to support the weakening rupee and inject liquidity to keep bond yields in check, economists and traders said. Also Read: RBI may keep rates unchanged, focus on rupee stabili ...Read More >
New Delhi: The Reserve Bank of India's three-day Monetary Policy Committee (MPC) meeting began on Monday, with analysts widely expecting the central bank to keep the repo rate unchanged amid heightened uncertainty due to the West Asia conflict. The meeting -- scheduled from April 6 to April 8 -- comes at a time when rising crude oil prices and global geopolitical tensions have clouded the inflation outlook. While the RBI is likely to maintain the status quo in the upcoming policy, experts said ...Read More >
MUMBAI, April 6 (Reuters) - India's central bank is expected to keep interest rates on hold on Wednesday as policymakers assess the fallout from the war in Iran, which threatens the South Asian economy and has battered its currency and bond markets. Instead, the focus is likely to be on calming financial markets, with assurances of readiness to support the weakening rupee and inject liquidity to keep bond yields in check, economists and traders said. All but two of 71 economists in a March 23- ...Read More >
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