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New Delhi: Gold prices on Thursday surged by Rs 1,185 to scale an all-time high of Rs 1,28,395 per 10 grams in the domestic futures trade, while the yellow metal crossed the USD 4,250 per ounce globally, driven by expectations of interest rate cuts by the US Federal Reserve, and persistent geopolitical tensions. On the Multi Commodity Exchange (MCX), gold futures for December delivery climbed by Rs 1,185, or 0.93 per cent, to reach a new peak of Rs 1,28,395 per 10 grams.Extending the gains for ...Read More >
New Delhi, Oct 16 (PTI) Gold prices on Thursday surged by Rs 1,185 to scale an all-time high of Rs 1,28,395 per 10 grams in the domestic futures trade, while the yellow metal crossed the USD 4,250 per ounce globally, driven by expectations of interest rate cuts by the US Federal Reserve, and persistent geopolitical tensions. On the Multi Commodity Exchange (MCX), gold futures for December delivery climbed by Rs 1,185, or 0.93 per cent, to reach a new peak of Rs 1,28,395 per 10 grams. Extending ...Read More >
New Delhi [India], October 16 (ANI): Reserve Bank of India (RBI) Governor Sanjay Malhotra shared a brief overview of India Digital Public Platform (DPP) ecosystem on the side-lines of the Annual Meetings of the World Bank and International Monetary Fund (IMF) in Washington, D.C. According to an official statement by RBI, a High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms was organised by the Reserve Bank of India on October 14, 2025, during the Annual Meetings ...Read More >
New Delhi [India], October 16 (ANI): Reserve Bank of India (RBI) Governor Sanjay Malhotra shared a brief overview of India's Digital Public Platform (DPP) ecosystem on the side-lines of the Annual Meetings of the World Bank and International Monetary Fund (IMF) in Washington, D.C. According to an official statement by RBI, a "High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms" was organised by the Reserve Bank of India on October 14, 2025, during the Annual Meet ...Read More >
Mumbai, Oct 16 (PTI) The rupee appreciated 40 paise to 87.68 against the US dollar in early trade on Thursday, primarily driven by central bank intervention, a softer dollar index. Forex traders said other supportive factors like positive domestic equities, lower crude oil prices and renewed foreign fund inflows also boosted investor sentiments. At the interbank foreign exchange market, the rupee opened at 87.76 and then gained ground and touched an early high of 87.68 against the US dollar, r ...Read More >
Mumbai: Indian equity markets ended in the red on Tuesday after recent gains, as investors booked profits across sectors. The benchmark indices, Sensex and Nifty, slipped amid broad-based selling pressure, with PSU bank stocks leading the fall. The Sensex dropped 297 points, or 0.36 per cent, to settle at 82,029.98, while the Nifty closed 81.85 points, or 0.32 per cent lower, at 25,145.5. Analysts said the 25,300-25,400 range continues to act as a strong resistance for Nifty, while the 25,000 m ...Read More >
The Reserve Bank of India has appointed Sonali Sen Gupta as its new Executive Director, effective October 9, 2025. With over three decades of experience at the central bank, Sen Gupta will now lead crucial departments including Consumer Education and Protection, and Financial Inclusion. The Reserve Bank of India (RBI) has appointed Sonali Sen Gupta as its new Executive Director (ED), with effect from October 9, 2025. The announcement was made through an official press release by the RBI. Earli ...Read More >
Setty said the lender needs to get the 'collections piece right' on the small value loans before rolling out other products on the UPI State Bank of India's (SBI's) chairman CS Setty on October 8 said that the lender is working on the simplification of Know Your Customer (KYC) and re-KYC and will engage with the regulators and the government. "We are working on that, the simplification of KYC processes. Even if it means that we need to engage with the regulators and the government, we are taki ...Read More >
RBI Governor Sanjay Malhotra addressed the Global Fintech Fest 2025, urging India's nearly 10,000 fintech entities to responsibly innovate, serve the underserved, and embed data protection to help India become a developed nation by 2047. Reserve Bank of India (RBI) Governor, Sanjay Malhotra, urged fintechs to leverage India's digital public infrastructure to serve the underserved, innovate responsibly, and shape global digital finance. In his address at the Global Fintech Fest 2025 in Mumbai on ...Read More >
Mumbai: The long transition provided to banks on the new expected credit loss (ECL) provision guidelines will limit the impact on bank balance sheets, State Bank of India (SBI) chairman CS Setty said Wednesday. The comments came a day after the Reserve Bank of India (RBI) issued a draft circular on the ECL framework, which will replace incurred-loss-based provisioning framework that banks use currently. The central bank has proposed 100% provisions against unsecured loans after one year of the ...Read More >
Mumbai, Oct 8 (PTI) Reserve Bank Governor Sanjay Malhotra on Wednesday exhorted the fledgling fintech ecosystem to focus on the underserved sections of the society to deepen financial inclusion. Speaking at the annual Global Fintech Fest here, Malhotra accepted that serving the "privileged" will be a lucrative business, but urged the smaller companies to focus on the underserved. "Build for inclusion. While there may be higher profits to be made by deepening access to the haves and the privile ...Read More >
BENGALURU (Reuters) -The Reserve Bank of India on Tuesday proposed changes to the way banks assign risk weightage to loans and the so-called expected credit loss (ECL) framework, in a move aimed at aligning domestic regulations with global norms. The proposed changes seek to ease the risk weightage, or capital that must be set aside, for different types of loans. Major changes include differentiated risk weights for corporate loans, loans to micro, small and medium enterprises (MSMEs) as well ...Read More >
Mumbai: New Delhi is stepping in to ease the turbulence building up at a critical Mumbai institution, amid mounting concerns that infighting at majority shareholder Tata Trusts could begin to impede the functioning of Tata Sons, India's most valuable business conglomerate. This week, two senior cabinet ministers will meet with four key officials of Tata group in the National Capital to discuss recent developments that have sparked concern. Tata Trusts chairman Noel Tata, vice-chairman Venu Sri ...Read More >
New Delhi, Oct 6 (SocialNews.XYZ) Gold prices touched a new record high on Monday, crossing the $3,900 per ounce mark, as investors rushed to the safe-haven asset amid fears of a prolonged US government shutdown and expectations of more rate cuts by the Federal Reserve. Spot gold rose 0.4 per cent to $3,900.40 per ounce in early Asian trade after briefly hitting an all-time high of $3,919.59. US gold futures for December delivery also gained 0.5 per cent to $3,926.80. The rally in gold came as ...Read More >
New Delhi, Oct 3 (SocialNews.XYZ) Industry association Engineering Export Promotion Council of India (EEPC India) on Friday welcomed the relaxation of Merchanting Trade Transaction (MTT) rules, saying that it would significantly improve the ease of doing business, particularly for small exporters and retailers. The Reserve Bank of India (RBI) has eased the MTT rules by extending the time period for outlay of foreign exchange from four to six months, effective as of October 1, 2025. The central ...Read More >
New Delhi, Oct 3 (PTI) Silver has outpaced gold with a 19.4 per cent surge in September against a 13 per cent rise in the yellow metal price, driven by robust industrial demand, especially from solar and technology sectors, and tightening global supply. Silver prices climbed Rs 24,500 from Rs 1,26,000 per kilogram on September 1 to Rs 1,50,500 per kg on September 30, marking one of the steepest monthly gains in recent years. On Friday, the white metal settled at Rs 1,50,000 per kilogram in the ...Read More >
Mumbai, Oct 3 (PTI) The Reserve Bank on Friday proposed a framework with objectives of ensuring prudence while allowing operational flexibility to banks when they lend to related parties. The RBI has issued draft 'Reserve Bank of India (Lending to Related Parties) Directions, 2025' with the aim to provide a harmonised, principle-based framework to be adopted by regulated entities (REs) for inter alia lending to related parties. The draft introduces scale-based materiality thresholds beyond whi ...Read More >
New Delhi, Oct 3 (SocialNews.XYZ) Despite global turbulence caused by trade friction and geopolitical shocks, India has been able to stand out as a rare anchor of stability in a volatile world, RBI Governor Sanjay Malhotra said on Friday. In his address at the fourth Kautilya Economic Conclave here, Malhotra said policy continuity, institutional resilience and reform momentum have enabled India to avoid major financial crises and remain among the fastest-growing large economies, with inflation ...Read More >
Mumbai, Oct 3 (PTI) India's forex reserves dropped by USD 2.334 billion to USD 700.236 billion during the week ended September 26, according to the RBI data on Friday. In the previous reporting week, the kitty had declined by USD 396 million to USD 702.57 billion. For the week ended September 26, foreign currency assets, a major component of the reserves, decreased by USD 4.393 billion to USD 581.757 billion, the data released by the RBI showed. Expressed in dollar terms, foreign currency ass ...Read More >
New Delhi: Gold prices fell by Rs 500 to Rs 1,20,600 per 10 grams in the national capital on Friday, ending a five-day record-extending rally, as investors booked profits and a slight recovery in the US dollar weighed on sentiment. According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity had rallied Rs 1,100 to hit an all-time high of Rs 1,21,100 per 10 grams on Wednesday. Gold of 99.5 per cent purity also retreated from its peak, slipping Rs 500 to Rs 1,20,000 p ...Read More >
Gold prices fell ₹643 to ₹1,16,945 per 10 grams in futures trade on Friday (October 3, 2025), retreating from record high as investors booked profits amid caution over the US government shutdown and Fed policy outlook. On the MCX, gold futures for December delivery declined ₹643 or 0.55% to ₹1,16,945 per 10 grams in a turnover of 15,733 lots, snapping a five-day winning streak. On Wednesday, the contract had scaled a lifetime high of ₹1,18,444 per 10 grams. Similarly, the February 20 ...Read More >
New Delhi, Oct 2 (SocialNews.XYZ) Inflation in India during the current financial year and the next (FY26 and FY27) is expected to be much lower than the Reserve Bank of India's (RBI) projections, according to a report by the State Bank of India (SBI). The report argued that the central bank's approach should not be seen only as "monetary policy" but also as a broader "regulatory policy" that reflects India's unique economic conditions. SBI highlighted that several domestic factors are easing ...Read More >
New Delhi, Oct 1 (SocialNews.XYZ) Economists and industry experts said on Wednesday said that amid a major demand push after the reduction in the GST rates, the RBI has adopted a cautious approach of holding the repo rate at 5.5 per cent. "It will also help navigate the global uncertainties and choppy waters. With low inflation and steady policies, corporates can plan their finances carefully and invest wisely," said Srinivasan Vaidyanathan, Operating Partner, Essar Capital. "While this stance ...Read More >
Mumbai, Oct 1 (PTI) The Reserve Bank on Wednesday proposed to raise the lending limit for banks against shares to Rs 1 crore and for IPO financing to Rs 25 lakh per person, a move that will increase the availability of credit to investors. Currently, banks can lend up to Rs 20 lakh against shares and Rs 10 lakh towards IPO financing. Unveiling the bi-monthly monetary policy, RBI Governor Sanjay Malhotra also proposed to provide an enabling framework for Indian banks to finance acquisitions by ...Read More >
Mumbai, Oct 1 (PTI) Equity benchmark indices rebounded sharply on Wednesday after an eight-day slump, with the Sensex jumping 715.69 points, helped by buying in bank and financial stocks after the RBI left key interest rates unchanged and revised upward its growth estimates for the current fiscal to 6.8 per cent. The 30-share BSE Sensex jumped 715.69 points or 0.89 per cent to settle at 80,983.31. During the day, it surged 800.81 points or 0.99 per cent to 81,068.43. The 50-share NSE Nifty cli ...Read More >
NEW DELHI, Oct. 1 (Xinhua) -- The Indian central bank, Reserve Bank of India (RBI), on Wednesday announced several measures to help exporters. The RBI Governor Sanjay Malhotra, in his statement after the culmination of the bank's three-day Monetary Policy Committee deliberation, said the export sector remains a vital part of India's economy. "To further strengthen the sector and enhance ease of doing business, we shall extend the time period for repatriation from foreign currency accounts of I ...Read More >
New Delhi, Oct 1 (PTI) The rupee recovered 12 paise from its all-time closing low to settle at 88.68 (provisional) against US dollar on Wednesday, as the Central Bank in its monetary policy decision announced a host of measures to support exporters and bring stability to the domestic unit. Forex traders said the rupee advanced against the US dollar as the Reserve Bank of India (RBI) left the repo rate unchanged at 5.5 per cent and maintained a neutral stance in its fourth Monetary Policy of FY2 ...Read More >
MUMBAI, October 1 (Reuters) -The Indian rupee nudged higher on Wednesday in a modest advance that was still enough to notch its best day in two weeks after the Reserve Bank of India kept policy rates unchanged and the dollar slipped broadly as the U.S. government shut down. The rupee closed at 88.69 against the U.S. dollar, up 0.1% on the day, the most since September 17. The rupee hasn't gained in nine out of the last 10 sessions. Meanwhile the dollar slipped to a one-week low against major pe ...Read More >
MUMBAI: Reserve Bank Governor Sanjay Malhotra, who had earlier stated that UPI cannot remain free forever and that someone else is now paying for it, on Wednesday said the digital payment app will remain a zero-cost platform to encourage its wider adoption. "Currently, we have no proposal to impose any charges on UPI transactions," Governor Malhotra said during the customary post-policy presser in response to a question from the press. Addressing concerns about possible charges on digital paym ...Read More >
Mumbai, Oct 1 (PTI) Amid intense speculation over Tata Sons' perceived non-compliance with the RBI's mandate to list, Governor Sanjay Malhotra on Wednesday said an entity can continue to do business till its registration is not cancelled. The central bank had asked a set of entities, including Tata Sons, the holding company of the salt-to-software conglomerate, to list by September 30 this year. In response, Tata Sons had last year applied to surrender its core investment company (CIC) registr ...Read More >
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