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One quarter (plus two days) of the 2026 trading year is in the books, replete with record-setting Q1 volatility for Gold, price having settled its week on Thursday at 4703 as we see below. For an otherwise "non-yielding, archaic, ho-hum" hard currency, Gold in Q1 traced a record -1,486 point-range from the recent All-Time High of 5586 (29 January) down to 4100 (23 March), indeed a -26.6% plummet across a mere 37 trading days. Comparably, this century's second-largest Q1 trading range was +537 p ...Read More >
MUMBAI, April 8 (Reuters) - The Indian rupee is set to open higher on Wednesday in the run‑up to the central bank's policy decision, buoyed by plunging oil prices and the rally in Asian currencies after a two‑week Middle East ceasefire. The rupee is likely to open in the 92.40-92.50 range versus the U.S. dollar, having settled at 93.0075 on Tuesday. Brent crude June futures plunged nearly 14% to $94.10 a barrel, U.S. equities rallied more than 2%, while South Korean and Japanese shares climbed ...Read More >
(RTTNews) - Indian shares are likely to open on an upbeat note on Wednesday after the U.S. and Iran agreed to a two-week ceasefire, contingent on reopening the Strait of Hormuz, sending oil prices crashing. The ceasefire calls for Israel and Hezbollah to halt fighting in Lebanon, while U.S. President Donald Trump said he was holding off on his threatened attacks on Iranian bridges and power plants. The two-week ceasefire plan includes allowing both Iran and Oman to charge fees on ships transit ...Read More >
Mumbai: The Indian rupee climbed Tuesday, advancing for three days on the trot, to close at 92.98/$, 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 >
Jammu, Apr 07: Lieutenant Governor Manoj Sinha on Tuesday inaugurated the Regional Business Centre of Jammu Kashmir Bank at Rail Head Complex, Jammu. The Lieutenant Governor congratulated and extended his felicitations to the entire team of J&K Bank on the occasion. Marking a significant milestone in the Bank's infrastructure and business expansion strategy, the newly established centre will serve as a vital operational and administrative hub. The facility is designed to further improve servic ...Read More >
Mumbai, April 3 (IANS) Indian equity markets closed lower for the sixth consecutive week amid escalating geopolitical tensions in West Asia and sharp currency fluctuations, with both headline indices ending in the red during a shortened four-day trading week. Sensex ended at 73,319.55 on Thursday, down 263.67 points or 0.35 per cent, compared to the previous Friday's close. Nifty 50 settled at 22,713.10, a decline of 106.50 points or 0.46 per cent on a week-on-week basis. In the final session ...Read More >
Jammu, Apr 7 (PTI) Jammu and Kashmir Bank's business has crossed Rs 2.90 lakh crore, its Managing Director and CEO Amitava Chatterjee said on Tuesday, as Lt Governor Manoj Sinha inaugurated the lender's regional business centre here. Marking a significant milestone in the bank's infrastructure and business expansion strategy, the centre will serve as a vital operational and administrative hub. The facility is designed to further improve service delivery and operational efficiency through its r ...Read More >
Mumbai: Rajpal Yadav recently attended the Chetak Screen Awards in Mumbai, where the host joked about his cheque-bounce controversy. Amid the ensuing buzz, Salman Khan has stepped forward to support Rajpal. On Tuesday, Salman took to his X handle and wrote, "Rajpal bhai aap 30 yrs se kaam kar rahe ho aur hum sabne aapko repeat kiya hai baar baar kyunki aap apna kaam jante ho aur ek value laate ho, kaam toh aapko bohot milega aur issi dollar rate pe milega aur milte rahega. Hakikat yeh hai (Rajp ...Read More >
New Delhi: Debt-ridden Pakistan is facing a grim financial situation as it has to repay $3.5 billion to the United Arab Emirates this month. The repayment, confirmed by a senior cabinet minister during a press briefing, as reported by Pakistan's Express Tribune, comes at a time when Islamabad's foreign exchange reserves have fallen to abysmally low levels, raising concerns about the country's capacity to fulfil its external debt obligations. This financial burden has been intensified by the Uni ...Read More >
New Delhi, April 7 (SocialNews.XYZ) Global geopolitical tensions are beginning to weigh on India's economic outlook, but the country is still expected to maintain steady growth as GDP growth expected at 6.2 per cent for FY2027, a report said on Tuesday. The data compiled by Morgan Stanley projected India's growth, even as rising energy costs, supply disruptions, and external pressures pose fresh challenges. However, it is lower than earlier estimates of 6.5 per cent, the report stated. The dow ...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 >
KARACHI - Gold prices in Pakistan are likely to see further changes on Monday (April 0) due to fluctuations in international markets. The precious yellow commodity has long been considered a safe haven for investors, especially during periods of economic uncertainty. Its value tends to remain stable or even rise when markets are volatile, making it a go-to asset for wealth preservation. Unlike investments in property, stocks or currencies, gold is not directly impacted by interest rates or gov ...Read More >
New Delhi: Gold prices saw a marginal decrease compared to yesterday across the country. Throughout April, the gold market had reflected the effects of global dynamics, including demand and currency shifts. In Hyderabad, the price of 24 karat gold stands at Rs 1,49,757 per 10 grams, registering a fall of Rs 224. Meanwhile, 22 karat gold is priced at Rs 1,37,277.25 per 10 grams, down by Rs 205.33. The trends resonated in New Delhi, where 24 karat gold is being sold at Rs 1,49,757.00 per 10 grams ...Read More >
New Delhi [India], April 7 (ANI): The Reserve Bank of India (RBI) is expected to revise its inflation projections upward while flagging risks to GDP growth in its upcoming policy review, according to a report by PhillipCapital. The report said that "the latest available inflation projection is 4.1%, for the first half, i.e. April-September 2026" but added that "it will be revised upward, and the guidance for second half i.e. October-March may be issued." In the policy review meeting on 6 Febru ...Read More >
Mumbai (Maharashtra) [India] April 7 (ANI): As the world grapples with the fallout of the West Asia conflict, Shefali Godadia, Chairperson of Deloitte South Asia, offered an alternate view point and said "Every crisis brings with it a good opportunity," emphasizing the need for India to capitalize on the current situation. Speaking on the sidelines of the CII summit, Godadia spoke to ANI and highlighted the importance of self-reliance, particularly in the energy sector, to mitigate the pressure ...Read More >
Mumbai: The rupee marginally climbed Monday after a session of range-bound trading in which dollar sales through unwinding of arbitrage positions by lenders ahead of the regulator-set April 10 deadline was met with demand for the US currency from importers and oil companies. The rupee ended Monday at 93.06/$, versus its Thursday close of 93.10/$. The rupee traded in the 92.80/$ to 93.10/$ range Monday amid unwinding of arbitrage trades by banks. "At these levels, dollar demand surged after oil ...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 >
Brokerages broadly expect IT companies to deliver a resilient Q4FY26 performance, supported by easing furloughs, steady deal ramp-ups and vendor consolidation. India Inc's Q4 earnings season is set to begin, with the IT sector taking centre stage as Tata Consultancy Services (TCS) kicks off results on April 9. Other majors, including Wipro (April 16), HCL Technologies (April 21) and Tech Mahindra (April 22) will follow, setting the tone for the sector amid global uncertainty and rising AI disru ...Read More >
Mumbai (PTI): The rupee gained 28 paise to close at 92.90 against the US dollar on Monday, following the Reserve Bank's measures to curb speculative fervour and dampen volatility in the Indian currency. Forex traders said that though the RBI measures are rupee-positive, unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation continue to put pressure on the rupee. The RBI tightened its rules to curb speculative positions and capp ...Read More >
Mumbai: 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 year amid expectations of a status quo on the benchmark lending rate in view of apprehensions of a spike in inflation due to the 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 basis ...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 rupee gained 14 paise to close at 93.04 (provisional) against the US dollar on Monday, following the Reserve Bank's initiatives designed to curb speculative fervour and dampen volatility in the rupee. Forex traders said that though the RBI measures are rupee-positive, unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation continue to put pressure on the rupee. The RBI tightened its rules to curb speculative ...Read More >
Mumbai: 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. Also read: RBI expected to hold rates steady in first ...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, Apr 6 (PTI) The rupee gained 14 paise to close at 93.04 (provisional) against the US dollar on Monday, following the Reserve Bank's initiatives designed to curb speculative fervour and dampen volatility in the rupee. Forex traders said that though the RBI measures are rupee-positive, unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation continue to put pressure on the rupee. The RBI tightened its rules to curb ...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 >
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said. Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added. Tata Consult ...Read More >
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said. Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added. Tata Consult ...Read More >
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said. Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added. Tata Consult ...Read More >
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