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Mumbai: The Reserve Bank is reviewing frictions impacting timely credit of inward cross-border remittances to beneficiary accounts enhance overall efficiency in the cross-border payments ecosystem. "One of the issues pertains to delays in cross-border payments being most pronounced at the beneficiary stage," the Reserve Bank of India (RBI) said in its half-yearly Payments Systems Report. "In this context, the Reserve Bank has initiated a review of the frictions impacting timely credit of inward ...Read More >
MUMBAI: Geopolitical tensions pose a growing threat to cross-border payments, RBI said in its latest report on payments. The central bank warned that the global financial system's dependence on centralised infrastructure and a few dominant settlement currencies makes it vulnerable to international conflict and sanctions.According to RBI, sanctions or restrictions on financial systems or currencies can disrupt markets and limit access to essential financial services. Geopolitical tensions can als ...Read More >
CHENNAI: The price of 22-carat gold in Chennai dropped once again by Rs 320 per sovereign on Thursday (Oct 23), reaching Rs 92,000 per sovereign (1 sovereign = 8 gram). Accordingly, the per-gram rate rose by Rs 40 to Rs 11,500. A day earlier, on October 22, the price of 22-carat gold fell by Rs 2,400, reaching Rs 93,600 per sovereign (1 sovereign = 8 gram). Accordingly, the per-gram rate dipped by Rs 300 to Rs 11,700. In the afternoon, the price of gold dipped again by Rs 1280 per sovereign, re ...Read More >
New Delhi, October 22: The Reserve Bank of India (RBI), in its latest State of the Economy article published in the RBI Bulletin of October 2025, noted that while the Indian economy is not immune to global headwinds, it continues to demonstrate resilience. The bulletin attributed this resilience to strong and durable macroeconomic fundamentals, including low inflation, robust balance sheets of banks and corporates, adequate foreign exchange reserves and a credible monetary and fiscal framework. ...Read More >
New Delhi [India], October 22 (ANI): The Reserve Bank of India (RBI), in its latest Bulletin, highlighted that corporate growth in India will be shaped by strengthening supply chains, improving cost efficiencies, and fostering technological innovations. The central bank noted that these factors will play a key role in maintaining competitiveness and shaping overall corporate performance in the years ahead. Also Read | Centre Notifies Gallantry Award Citations for Defence Personnel, Including H ...Read More >
Mumbai, October 22: Gold prices on Wednesday, October 22, witnessed a dip after recording a historic rally earlier this month, as investors booked profits ahead of key US inflation data due later this week. MCX data showed gold futures for December delivery trading at INR 1,28,000 per 10 grams, down INR 271 or 0.21% from the previous close, while silver futures fell to INR 1,50,000 per kilogram. The recent pullback follows gold's all-time high of USD 4,381.21 per ounce, reflecting market caution ...Read More >
A GROUP of U.S. banks, including JPMorgan Chase, Bank of America and Goldman Sachs, is hesitant to lend $20 billion to Argentina without guarantees or collateral, the Wall Street Journal reported on Monday. U.S. Treasury Secretary Scott Bessent said last week that the department was working with banks and investment funds to create a $20 billion facility to invest in the South American country's sovereign debt. Bankers are waiting on guidance from the Treasury Department on what collateral Arg ...Read More >
India's economy remains strong despite global challenges. The Reserve Bank of India sees domestic factors boosting growth. Low inflation and healthy corporate and banking sectors contribute to this resilience. The central bank has increased its growth forecast for the year. Structural reforms are helping to counter weaker global demand. High tariffs on exports to the U.S. Flux in the global economy presents considerable challenges to the global macroeconomic outlook and the Indian economy is no ...Read More >
MUMBAI: Growth for the Indian economy is projected to remain resilient amid global uncertainties and the outlook for inflation has been revised downwards, opening up policy space for further supporting growth, a report by RBI said."The Indian economy displayed resilience amid broader global uncertainty and weak external demand," said RBI's state of the economy report released on Monday. It noted that "global uncertainty has edged up" and that "trade tensions have started to simmer yet again".Acc ...Read More >
Mumbai: Goldman Sachs has projected a potential repo rate cut by the end of 2025, bringing relief to borrowers across the country. The global investment bank believes that recent fiscal and policy developments point toward the end of India's current monetary tightening cycle. A cut in the key policy rate would directly lower EMIs on home, car, and other loans, providing more disposable income for consumers. GST Reforms Signal Fiscal Flexibility The report highlights the recent simplification o ...Read More >
New Delhi, Oct 20 (SocialNews.XYZ) Gold prices rose on Monday morning on the Multi-Commodity Exchange (MCX), supported by strong spot demand and a weaker US dollar. During the early trade, MCX Gold December futures were trading 0.78 per cent higher at Rs 1,28,005 per 10 grams, while Silver December contracts gained 0.41 per cent to Rs 1,57,240 per kg. The recovery in gold came after a steep fall in the previous session, as global investors had booked profits following US President Donald Trump ...Read More >
BENGALURU :Bank Indonesia (BI) will cut its key interest rate at its fourth consecutive meeting on Wednesday, taking it to 4.50 per cent, as policymakers put greater weight on supporting economic growth despite continued weakness in the rupiah, a Reuters poll of economists showed. Last month, the central bank surprised markets with a rate cut and Governor Perry Warjiyo said it was going "all out" to bolster growth while maintaining financial market stability. The rupiah has regained some groun ...Read More >
Mumbai, Oct 18 (SocialNews.XYZ) The Indian equity benchmarks ended the week decisively higher amid short covering from foreign institutional investor (FII) participants and resilient domestic cues. Market optimism was bolstered by clarity in the India-US trade relations, with both sides tentatively agreeing to conclude the first phase of the deal by November. The sentiment remained upbeat as Bank Nifty achieved a new milestone, driven by robust buying interest in leading banking stocks. Invest ...Read More >
Mumbai: High-frequency indicators pointed to the likelihood of robust September-quarter growth, central bank governor Sanjay Malhotra had said during the October 1 monetary policy review, although he was more circumspect about the pace of economic expansion in 2H of FY26 due to the impact of punitive US tariffs. "Several indicators suggest that agricultural prospects are bright in the current year; consequently, rural demand is likely to be buoyant," Malhotra was cited as saying in the minutes ...Read More >
New Delhi [India], October 19 (ANI): An additional policy rate cut is expected before the end of the year, alongside recent GST simplifications, indicating that peak fiscal consolidation is behind us. These factors, combined with domestic regulatory easing, are likely to foster a gradual recovery in credit demand, said a report by Goldman Sachs. "We expect an additional policy rate cut before year-end, and the recent GST simplification signals that peak fiscal consolidation is behind us. We exp ...Read More >
New Delhi [India], October 19 (ANI): An additional policy rate cut is expected before the end of the year, alongside recent GST simplifications, indicating that peak fiscal consolidation is behind us. These factors, combined with domestic regulatory easing, are likely to foster a gradual recovery in credit demand, said a report by Goldman Sachs. "We expect an additional policy rate cut before year-end, and the recent GST simplification signals that peak fiscal consolidation is behind us. We exp ...Read More >
New Delhi [India], October 19 (ANI): Gold prices in India are expected to maintain an upside bias for the rest of 2025, driven by a projected uptrend in global gold prices and a weakening Indian rupee, according to a sectoral update by ICICI Bank Global Markets. The report projects an equilibrium range of USD/Rs at 87.00-89.00 for the fourth quarter of 2025 (Q4 2025) and the first half of 2026. Also Read | Sam Rivers Dies: Limp Bizkit Bassist and Founding Member Passes Away at 48. The report ...Read More >
New Delhi: Gold prices in India are expected to maintain an upside bias for the rest of 2025, driven by a projected uptrend in global gold prices and a weakening Indian rupee, according to a sectoral update by ICICI Bank Global Markets. The report projects an equilibrium range of USD/Rs at 87.00-89.00 for the fourth quarter of 2025 (Q4 2025) and the first half of 2026. It further added that domestic gold prices are expected to trade between Rs 1,20,000 and Rs 1,35,000 per 10 grams through the r ...Read More >
Mumbai, Oct 18 (PTI) ICICI Bank on Saturday reported that its consolidated net profit for the September quarter inched up by 3.2 per cent to Rs 13,357 crore as a fall in provisions helped overcome the impact of margin compression. On a standalone basis, the second largest private sector lender reported a 5.2 per cent growth in its post-tax profit at Rs 12,359 crore, up from Rs 11,746 crore in the year-ago period. The core net interest income increased 7.4 per cent to Rs 21,529 crore on the bac ...Read More >
Mumbai, October 18: The Indian equity benchmarks ended the week decisively higher amid short covering from foreign institutional investor (FII) participants and resilient domestic cues. Market optimism was bolstered by clarity in the India-US trade relations, with both sides tentatively agreeing to conclude the first phase of the deal by November. The sentiment remained upbeat as Bank Nifty achieved a new milestone, driven by robust buying interest in leading banking stocks. Investor confidence ...Read More >
New Delhi [India], October 18 (ANI): Gold prices are expected to hit the record level of Rs 1.50 lakh per 10-gram level in coming months as it is showing unprecedented momentum in the global and domestic markets bolstered by the central bank purchases and strong public demand, particularly in China and Japan, according to Anantha Padmanaban, founder member and former chairman of the All India Gem & Jewellery Domestic Council (GJC). "The best I can see is around Rs 1.50 lakh per 10 grams is what ...Read More >
New Delhi: As Diwali draws near, gold prices have surged to a new high, driven by growing global uncertainties. Factors like rising trade tensions and weakening economic data have made investors turn to gold as a safe haven, boosting demand just in time for the festive season. In the past month, gold prices have risen by Rs 20,073 per 10 grams (an 18 per cent increase), driven by strong festive demand. With Diwali just around the corner, even small dips in prices are met with active buying. Sin ...Read More >
New Delhi [India], October 18 (ANI): After a bumper rally over the past few weeks, the precious metals market witnessed a sharp correction on Friday, as both Gold and Silver prices tumbled on the Multi Commodity Exchange (MCX). The decline came amid a profit-taking wave triggered by specific external market factors that temporarily eased geopolitical and economic anxieties. Gold prices of 24 kt on MCX, which had recently touched a record high of Rs 1,32,294 per 10 grams, fell by around 3 per c ...Read More >
Mumbai: Gold reserves crossed the $100 billion mark for the first time in the week ended Oct 10, driven by a sharp rise in global prices even as the pace of purchases slowed this year. The value of gold holdings rose by $3.6 billion to $102.4 billion, while overall foreign exchange reserves fell by $2.2 billion to $697.8 billion.The share of gold in total reserves climbed to 14.7%, the highest since 1996-97. The increase reflects both valuation gains and steady accumulation over the past decade, ...Read More >
New Delhi- Gold prices surged by Rs 3,200 to touch a new lifetime high of Rs 1,34,800 per 10 grams in the national capital on Friday, buoyed by strong festive buying by jewellers and retailers ahead of Dhanteras, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had ended at Rs 1,31,600 per 10 grams in the previous session. In tandem, gold of 99.5 per cent purity also jumped by Rs 3,200 to scale an all-time high of Rs 1,34,200 per 10 grams (inclusive of ...Read More >
The Indian rupee has made a strong recovery against the US dollar. This rebound comes after the US Federal Reserve signaled potential rate cuts. Falling crude oil prices and intervention by the Reserve Bank of India also supported the rupee. The dollar index has eased, boosting investor confidence in the domestic currency. Stock markets are also showing gains. The rupee recovered 88 paise from its all-time closing low to 87.93 against US dollar in early trade on Wednesday, on easing dollar inde ...Read More >
As the festive season kicks off in India, Gold prices have surged to an all-time high, leaving many surprised. In just one day, the price increased by over Rs. 3,000. Currently, the cost of 10 grams of 24-carat is Rs. 1,31000, while 22-carat for the same weight is at Rs. 1,15,350. However, these rates may vary slightly depending on the region. With Dhanteras on Saturday followed by Diwali, these metals usually see a spike in purchases. However, the current price hike might impact buying decisio ...Read More >
Gold's glittering rally is expected to continue, with prices likely to climb towards $4,500 per ounce in overseas markets, supported by sustained global central bank purchases, persistent geopolitical tensions, and strong Asian demand, according to a report by Motilal Oswal Financial Services Ltd. Silver, which has outperformed gold in terms of returns so far this year, is projected to climb to around $75 per ounce, aided by robust industrial consumption and a widening supply deficit, the repor ...Read More >
Gold and silver prices extended their record rally, hitting fresh lifetime highs on October 16. This comes as the precious metals remain in focus amid expectations of heightened demand ahead of Dhanteras. Gold futures on the Multi Commodity Exchange of India (MCX) rose around 1 percent (Rs 1,185 per 10 grams) to hit a new lifetime high of Rs 1,28,395 per 10 grams. Gold futures with February and April expiries also hit fresh lifetime highs of Rs 1,29,380 per 10 grams and Rs 1,30,877 per 10 grams ...Read More >
New Delhi [India], October 16 (ANI): Gold prices continued to surge in 2025, driven by a mix of global fiscal concerns, currency weakness, and strong institutional buying, as per a report by Religare Broking. The metal has delivered over 65 per cent returns so far this year, one of the highest gains seen in recent years, as investors turn to gold as a safe haven amid rising market uncertainty. At the time of filing this report, Gold prices in Delhi of 24kt was trading at Rs 1,28,110/ 10gm. The ...Read More >
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