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New Delhi, Apr 2 (PTI) Homegrown FMCG firm Marico on Thursday said its revenue in the March quarter of FY26 "grew in the low twenties year-on-year" on a year-on-year basis, led by pricing, its hair oil and international business. During the quarter, the FMCG sector witnessed a "stable demand sentiment", however, the macroeconomic impact of the evolving geopolitical situation in the Middle East is a key "monitorable", Marico said in its quarterly updates. However, Marico remains hopeful of a gr ...Read More >
Mumbai, Apr 2 (PTI) The rupee logged one of its steepest single-day gains in many years and settled 152 paise higher at 93.18 against the US dollar on Thursday after the Reserve Bank stepped in with a slew of measures to restrict banks from onshore forward markets. The domestic unit, however, remained under pressure due to the unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation, forex analysts said. At the interbank ...Read More >
Mumbai, Apr 2 (PTI) The Reserve Bank on Thursday allowed residents as well as non-residents to exchange Indian rupee notes at foreign exchange counters at departure halls in international airports beyond the immigration or customs desk. Earlier, such foreign exchange counters were only allowed to buy Indian rupee from non-residents and sell foreign currency to them. "On a review, it has been decided to allow residents (along with non-residents) to exchange Indian rupee notes at foreign exchang ...Read More >
New Delhi [India], April 2 (ANI): The Reserve Bank of India (RBI) has allowed people to exchange Indian rupee notes at foreign exchange counters located in the departure halls of international airports, expanding an earlier provision that applied only to non-residents. In a circular issued on Thursday, the RBI said the decision was taken after reviewing the existing framework governing money-changing activities at airports. "On a review, it has been decided to allow residents (along with non-r ...Read More >
New Delhi, Apr 2 (PTI) Margin pressure for Indian banks could increase, as the Reserve Bank of India's (RBI) flexibility to inject local-currency liquidity into the banking system has narrowed amid efforts to contain rupee volatility, a report said on Thursday. However, banks' direct foreign-currency risks remain limited, Fitch Ratings said in a report. "Sector margins could decline by 20-30 bps below our current 3.1 per cent forecast for the financial year ending March 31, 2027 (FY27) if high ...Read More >
NEW DELHI: The Indian Rupee saw its biggest single-day gain in nearly 13 years on Thursday, closing at 93.10 against the US dollar, as authorities stepped up efforts to curb currency speculation. The sharp rally came after the Reserve Bank of India tightened rules in both domestic and offshore markets. "The move was largely driven by improved risk sentiment following US President Donald Trump's speech, which hinted at negotiations rather than escalation, triggering a relief rally. However, unc ...Read More >
Mumbai, Apr 2 (PTI) The rupee logged one of its steepest single-day gains in many years and settled 156 paise higher at 93.14 (provisional) against the US dollar on Thursday after the Reserve Bank stepped in with a slew of measures to restrict banks from onshore forward markets. The domestic unit, however, remained under pressure due to the unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation, forex analysts said. At ...Read More >
Police said that it recovered fake Aadhaar cards and Malaysian currency. The Railway Protection Force (RPF) at Jalpaiguri Road station, West Bengal, apprehended 14 Bangladeshi nationals, including four women and four minors, from the Delhi-bound Northeast Express train, officials said. The individuals were found carrying Aadhaar cards, and a detailed investigation has been launched to verify whether the documents are forged or obtained through illegal means. Speaking to ANI, RPF Inspector Bip ...Read More >
North 24 Parganas (West Bengal) [India], April 2 (ANI): Police on Thursday, recovered two more firearms along with three cartridges from the Bhatpara area, officials said. Two miscreants have been arrested in connection with the recovery. According to police, the latest seizure is part of an ongoing crackdown on illegal arms in the Barrackpore industrial region. In the past three months alone, authorities have recovered a total of 35 firearms and 51 cartridges, while arresting 27 individuals li ...Read More >
The Railway Protection Force (RPF) nabbed 14 Bangladeshi infiltrators from the Delhi-bound Northeast Express train at Jalpaiguri Road station, West Bengal, on Wednesday night (1st April). The Bangladeshi infiltrators included four women and four children, all residents of Fakirbari in Bagerhat district, Bangladesh. Fake Aadhaar Cards, PAN Cards, Bangladeshi currency and mobile phones were recovered from their possession. RPF Inspector Biplab Dutta said that the RPF had received a tip-off based ...Read More >
Gold and silver prices in Hyderabad remained on investors' radar on 2 April 2026, as bullion rates continued to fluctuate amid mixed domestic and global market cues. After the recent volatility seen in precious metals, local retail prices in Hyderabad are still being closely tracked by buyers planning jewellery purchases and bullion investments. Here is a fresh look at the Hyderabad Gold Rate Today and Hyderabad Silver Rate Today for Thursday, 2 April 2026. Hyderabad Gold Rate Today (2 April 2 ...Read More >
MUMBAI, April 2 (Reuters) - The Indian rupee extended gains against the U.S. dollar and rose above the 93 handle for the first time in nearly two weeks, as the central bank imposed curbs on speculative activity. The rupee climbed almost 2% to 92.94 per U.S. dollar after the latest central bank measures to curb a near one-way move witnessed in the currency over the last few days. Reporting by Dharamraj Dhutia; Editing by Sonia Cheema Our Standards: The Thomson Reuters Trust Principles., o ...Read More >
Rupee Crash Alert: The Indian Rupee breached the 95/USD mark on Monday, marking its steepest fiscal-year decline in a decade. The sharp weakness in the domestic currency could weigh on gold jewellery buyers, as a weaker rupee makes dollar-priced gold more expensive in India. The crude oil price rally due to supply constraints amid the Iran-US war is troubling the Indian Rupee. Additional factors like relentless selling by foreign investors in the Indian stock market and global uncertainty also ...Read More >
Summary India's central bank is scrutinizing corporate treasury positions amid rupee pressure from capital outflows and rising crude prices. The Reserve Bank of India aims to assess arbitrage exposure rather than immediate regulation, following new rules on banks' open positions in the forex market. With the rupee under pressure from capital outflows and higher crude prices, India's central bank is expanding its scrutiny beyond banks to corporate treasury positions in the foreign exchange mark ...Read More >
New Delhi, April 2 (SocialNews.XYZ) The Indian rupee posted its biggest single-day gain in more than 12 years on Thursday as authorities intensified their crackdown on currency speculation by extending curbs to offshore derivatives markets, days after tightening limits on banks' local positions. The currency strengthened as much as 1.7 per cent to 93.25 against the dollar -- its sharpest rise since September 2013 -- as trading resumed after a three-day holiday break. The rally came despite bro ...Read More >
Mumbai, Apr 2 (PTI) The rupee recovered 151 paise from its record low level to trade at 93.19 against the US dollar in early deals on Thursday, backed by the Reserve Bank's move to restrict banks' net open position in the onshore forward delivery market. The domestic unit, however, faced pressure due to unabated withdrawal of foreign capital, strengthening dollar and rising crude oil prices amid volatile geopolitical situation, forex analysts said. At the interbank foreign exchange, the rupee ...Read More >
MUMBAI, April 2 (Reuters) - The Indian rupee rose sharply in early trading on Thursday as the Reserve Bank of India's latest measures to curb rupee speculation left traders anticipating a glut of onshore dollar sales spurred by the unwinding of positions. The rupee rose to 93.53 against the U.S. dollar in early trades, up 1.4% from its closing level on Monday. The central bank has stepped up measures to curb arbitrage flows and speculative bets that have been pressuring the currency, while i ...Read More >
MUMBAI, April 2 (Reuters) - The Indian rupee is poised to open sharply higher on Thursday after the Reserve Bank of India rolled out a fresh set of measures to clamp down on speculative activity, with traders expecting chunky dollar sales as positions are unwound. The 1-month non-deliverable forward indicated the rupee will open in the 92.65-92.70 range versus the U.S. dollar, having settled at 94.83 on Monday. India's financial markets were shut on Tuesday and Wednesday for local holidays. O ...Read More >
Jalpaiguri (West Bengal) [India], April 2 : The Railway Protection Force (RPF) at Jalpaiguri Road station, West Bengal, apprehended 14 Bangladeshi nationals, including four women and four minors, from the Delhi-bound Northeast Express train, officials said. The individuals were found carrying Aadhaar cards, and a detailed investigation has been launched to verify whether the documents are forged or obtained through illegal means. Speaking to ANI, RPF Inspector Biplab Dutta said the investigati ...Read More >
Mumbai: The Reserve Bank of India (RBI) late Wednesday tightened its foreign exchange regulations prohibiting banks from offering non-deliverable forward (NDF) contracts to clients, reinforcing measures taken late last week to support the rupee that last fiscal lost the most in 14 years against the US dollar. The new rules could dent banks and large corporate treasuries, experts said. The regulator said banks cannot offer NDF contracts involving the rupee, which lost nearly 10% in FY26, to resi ...Read More >
Mumbai: Bank economists have told the Reserve Bank of India (RBI) at a pre-policy meeting that there is no immediate need to either raise the repo rate or change the stance, provided inflation remains within the central bank's tolerance band, multiple participants in the discussions told ET. They also added that RBI has alternative tools to manage currency pressures and is unlikely to resort to a rate hike, unless the impact becomes visible in inflation, one economist said. Discussions at the ...Read More >
Mumbai, Apr 1 (PTI) Amid sharp depreciation in the rupee, the Reserve Bank on Wednesday announced more actions focused on authorised dealers (ADs). The moves follow a "review of evolving market conditions" and are applicable immediately. Authorised dealers (ADs) -- banks authorised by RBI to deal in foreign exchange -- will not be able to offer non-deliverable derivative contracts involving the Indian rupee to resident or non-resident users, the central bank said in a late-evening notification ...Read More >
April 1 (Reuters) - The Reserve Bank of India on Wednesday barred authorized dealers from offering rupee non-deliverable forwards to resident and non-resident clients, further tightening foreign exchange rules as the South Asian currency faces persistent pressure. The central bank said that while lenders could offer deliverable foreign exchange derivative contracts to users to meet their hedging requirements, they need to ensure the clients have not taken an offsetting position in the non-deliv ...Read More >
Mumbai (Maharashtra) [India], April 1 (ANI): The Indian rupee may come under further pressure in the coming months if the ongoing West Asia crisis continues, with the Reserve Bank of India (RBI) likely needing to remain flexible in its approach, according to a report by Yes Bank. The report stated that the rupee could weaken to 97.00-97.50 against the US dollar in the first half of FY27. Also Read | Pune Weather Update: IMD Predicts Heatwaves and Above-Normal Rainfall. "RBI will have to be op ...Read More >
PNN Mumbai (Maharashtra) [India], April 1: Cupid Limited (BSE: 530843 | NSE: CUPID), a premier manufacturer and brand of premium male and female condoms, water based personal lubricants, IVD kits, deodorants, perfumes, almond hair oil, face wash, petroleum jelly and other FMCG Products, announced its strongest quarterly performance in the Company's history, driven by robust growth across key business segments. Cupid Limited is set to comfortably surpass its FY26 annual guidance of ₹335 Cr in r ...Read More >
New Delhi, Apr 1 (PTI) Police have heightened security across Delhi ahead of Hanuman Jayanti, three days after the arrest of suspected Lashkar-e-Taiba (LeT) handler Shabir Ahmed Lone, who was allegedly planing terror strikes in the capital, official sources said on Wednesday. They said during Lone's interrogation, police got to know that he was collecting videos and photos of some major temples in Delhi. Lone was arrested by the Special Cell of the Delhi Police on March 29. He has allegedly co ...Read More >
Bangalore (Karnataka) [India], April 1: The Freudenberg Group proves resilient amid economic and geopolitical challenges during fiscal year 2025. Strengthened by its investments, Freudenberg remains financially robust, strongly positioned for investment, and strategically capable despite the challenging conditions. During fiscal year 2025, Freudenberg achieved sales of EUR11,731.9 million. The figure was slightly below the previous year's level of EUR11,947.5 million, showing a 1.8 per cent decl ...Read More >
The Delhi Police Special Cell has dismantled a Bangladeshi module of the Pakistan-based Lashkar-e-Taiba terror group, arresting eight individuals, including the network's mastermind, Shabbir Ahmed Lone, in a counter-terrorism operation spanning multiple states. The arrests took place in Delhi, Kolkata and Tamil Nadu's Tiruppur. According to the police, the module was preparing for a major terrorist attack in India, which was foiled .The operation began on February 8 after reports emerged of sus ...Read More >
New Delhi [India], April 1 (ANI): The administration has heightened security arrangements across the national capital in view of Hanuman Jayanti, with special focus on religious places and procession routes. The police department has put elaborated arrangments on sensitive routes and prominent temples, with additional force deployment. Meanwhile, the surveillance and crowd management measures have been intensified to ensure smooth conduct of festivities, said officials. Also Read | Stock Marke ...Read More >
Mumbai, Apr 1 (PTI) The rupee gained 15 paise to 94.70 against US dollar in early trade on Wednesday, tracking positive cues from domestic equity markets and retreating American currency overseas. The local currency, however, remained under pressure due to higher crude oil prices and sustained withdrawal of foreign funds even as banks moved to cut their net open position in the currency following the RBI mandate, forex traders said. Through its circular dated March 27, 2026, RBI capped the Net ...Read More >
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