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By Jaspreet Kalra and Abinaya V MUMBAI, April 8 (Reuters) - The Reserve Bank of India kept its key policy rate unchanged on Wednesday as it awaits clearer evidence of the impact from the Iran war on the South Asian nation's economy. The RBI's six-member monetary policy committee voted to keep the repo rate steady at 5.25%. All six members of the rate panel, which includes three central bank officials and three external appointees, voted to hold rates. The MPC also decided to continue with th ...Read More >
Mumbai, Apr 8 (PTI) Stock market benchmark indices Sensex and Nifty surged in early trade on Wednesday following a sharp rally in global peers and a significant drop in crude oil prices after the US and Iran announced a two-week ceasefire. The 30-share BSE Sensex jumped 2,775.73 points or 3.71 per cent to 77,392.31 in early trade. The 50-share NSE Nifty surged 815.2 points or 3.52 per cent to 23,938.85. From the 30-Sensex firms, InterGlobe Aviation jumped the most by nearly 10 per cent. Larsen ...Read More >
Mumbai, Apr 8 (PTI) The rupee appreciated 50 paise to 92.56 against the US dollar in early trade on Wednesday after US President Donald Trump announced suspension of military strikes against Iran for two weeks. Forex traders said the two-week ceasefire announcement triggered a wave of outsized bargain buying amongst the risk assets as Asian Stocks, Dow futures, Gold and Silver all rallied while Brent Oil fell below USD 100 to USD 96 per barrel. The rupee in accordance surged to 92.56 levels, w ...Read More >
New Delhi [India], April 8 (ANI): The Reserve Bank of India is set to announce its first bi-monthly Monetary Policy Statement for the financial year 2026-27 today. Governor Sanjay Malhotra will deliver the decisions of the six-member Monetary Policy Committee at 10 this morning. The committee deliberated on interest rates, inflation outlook, and growth projections since Monday. Speaking to ANI, experts indicated a strong consensus for a status quo on the current repo rate, with most suggesting ...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 >
New Delhi, April 7 (SocialNews.XYZ) The Reserve Bank of India (RBI) is likely to keep policy rates on pause as liquidity tools will take centre-stage in 2026, even as crude prices sit about 50 per cent above the central bank's $70 per barrel assumption, a report said on Tuesday. "Current oil prices are 50 per cent above RBI's assumption of $70/bbl. Despite this, we continue to see a high bar for monetary tightening," the report from SBI Mutual Funds said. The AMC firm noted metals and mining a ...Read More >
India's financial system is absorbing the West Asia conflict in ways that are not immediately visible on balance sheets, but are silently building under the surface. | Image: Bloomberg As the US-Iran-Israel war continues into its second month with no clear end in sight, the economic fallout for India is no longer just about oil spikes or headline volatility. India's financial system is absorbing the West Asia conflict in ways that are not immediately visible on balance sheets, but are silently ...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 >
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 >
New Delhi: India is expected to get below-normal monsoon rainfall in 2026 as the El Nino weather pattern would weigh on precipitation in the second half of the June-September season, said private weather forecaster Skymet, sparking concerns about crop output, consumption, and inflation. Rainfall is expected to be 6% below normal or 94% of the Long Period Average (LPA) of around 817 mm for the four-month-long season. Rainfall in June is projected at 101% of LPA, falling to 95% in July, accordin ...Read More >
Agra: Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday performed the Bhoomi Pujan ceremony and laid the foundation stone for the Greater Agra project, marking a significant step in the region's urban development and infrastructure expansion. Addressing the gathering, the Chief Minister highlighted India's relative stability amid global challenges, attributing the country's progress to the leadership of Prime Minister Narendra Modi. "You can see around the world that people are suffering ...Read More >
Benchmark Brent crude cost about $109 a barrel on Tuesday, and has remained above or around $100 for more than three weeks, up over 50% from about $70 just before the conflict began on February 28. Risks sharpen for the global economy if oil moves above $110 or $120 a barrel, warned Nathan Sheets, chief global economist at Citi and a former U.S. Treasury Department official. "As this shock gets bigger and bigger, the risks of recession are rising significantly...There are likely some thresho ...Read More >
AGRA, Apr 7 : Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday delivered a major development gift to the Taj City of Agra. At a ceremony held in Rahankalan near the Agra Inner Ring Road, the Chief Minister inaugurated and laid the foundation stone for 325 development projects worth Rs6,466.37 crore. He performed the groundbreaking ceremony for the "Greater Agra" township, laying a roadmap for the city's urban expansion. The Chief Minister stated that "Greater Agra" will not only be a s ...Read More >
Investing.com -- UBS on Monday nudged down its S&P 500 price targets, flagging elevated oil prices from the Middle East conflict as a threat to growth and a likely delay to Federal Reserve rate cuts, though the bank maintained its broadly positive outlook on U.S. equities. The firm cut its June 2026 S&P 500 target from 7,300 to 7,000 and its December 2026 target from 7,700 to 7,500. Its earnings estimate for 2026 was left unchanged at $310 per share, implying 11% growth. "Slightly weaker growt ...Read More >
Agra (Uttar Pradesh) [India], April 8 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday performed the Bhoomi Pujan ceremony and laid the foundation stone for the Greater Agra project, marking a significant step in the region's urban development and infrastructure expansion. Addressing the gathering, the Chief Minister highlighted India's relative stability amid global challenges, attributing the country's progress to the leadership of Prime Minister Narendra Modi. "You can see aro ...Read More >
Lucknow: Chief minister Yogi Adityanath on Tuesday said the Greater Agra township project will help the area grow as a 'second Noida' and give the Taj city's urban expansion a new direction.Yogi said this after performing the bhoomi pujan for the project that will be developed at an outlay of Rs 5,142 crore.The CM also inaugurated and laid the foundation stone for 325 development projects in the district, worth Rs 6,466.37 crore."Govt wanted Agra not to be limited to just a tourist destination b ...Read More >
SAN FRANCISCO/AHMEDABAD, India - Kevin Kelly is in a tough spot. What he says are unprecedented price increases in the weeks since the United States waged war on Iran mean the Californian, who makes plastic bags for groceries, may have to break contracts he cannot afford to honor with his customers. Thousands of miles away in India, gas shortages have closed dozens of plants that export aluminum products around the world. And in Britain, some farmers are eking out their fertilizer stocks as pri ...Read More >
India gold and silver prices fall sharply on April 6, 24k gold near Rs 1.37 lakh per 10g in major cities, MCX gold and silver also trade lower amid strong US dollar Gold and Silver Rates In India Today, April 06: Gold and silver prices in India fell sharply on April 6, US and Iran are likely to negotiate for a 45-day ceasefire. In Mumbai, the price of 24-carat gold rose to Rs 1,36,700 per 10 grams, while 22k gold was available at Rs 1,11,850 per 10 grams. These rates do not include GST and maki ...Read More >
New Delhi [India], April 7 (ANI): The Reserve Bank of India (RBI) is likely to maintain a status quo on interest rates in its upcoming policy, even as geopolitical risks rise, with GDP growth expected to face a potential impact of 0.5 to 1 per cent, said Ranen Banerjee, Partner and Economic Advisory Leader at PwC India. Also Read | Usman Khawaja Spots Lionel Messi Lookalike in Pakistan (Watch Video). Speaking to ANI ahead of the policy announcement, Banerjee said that monetary policy action ma ...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 >
New Delhi [India], April 7 (ANI): The Reserve Bank of India (RBI) is likely to maintain a status quo on interest rates in its upcoming policy, even as geopolitical risks rise, with GDP growth expected to face a potential impact of 0.5 to 1 per cent, said Ranen Banerjee, Partner and Economic Advisory Leader at PwC India. Speaking to ANI ahead of the policy announcement, Banerjee said that monetary policy action may not be effective in addressing the current challenges arising from the ongoing We ...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 >
New Delhi [India], April 7 (ANI): The government may cap sugar exports if the approved quota is not fully utilised, with surplus supplies likely to be diverted towards ethanol or carried forward as stock, Sanjeev Chopra, Secretary, Department of Food and Public Distribution, said today. "If it is not exported, then the export will be capped so that it can be diverted towards Ethanol," Chopra said on the sidelines of the ISMA SugarNXT 2026, adding, "If it is not exported, then it will remain wit ...Read More >
New Delhi [India], April 7 (ANI): The government may cap sugar exports if the approved quota is not fully utilised, with surplus supplies likely to be diverted towards ethanol or carried forward as stock, Sanjeev Chopra, Secretary, Department of Food and Public Distribution, said today. "If it is not exported, then the export will be capped so that it can be diverted towards Ethanol," Chopra said on the sidelines of the ISMA SugarNXT 2026, adding, "If it is not exported, then it will remain wit ...Read More >
New Delhi [India], April 7 (ANI): India's electric vehicle transition gathered pace in FY26, with total EV retail sales across two-wheelers, three-wheelers, passenger vehicles and commercial vehicles rising about 24.6 per cent year-on-year to around 24.52 lakh units, according to retail data shared by the Federation of Automobile Dealers Associations (FADA). The sharp rise in EV adoption comes at a time when crude prices are hovering around USD 100/barrel due to West Asia crisis. India remains ...Read More >
Mumbai (Maharashtra) [India], April 7 (ANI): Bank credit in India is expected to grow around 13 per cent in the current fiscal, slightly slower than the estimated 14 per cent growth in FY26, according to a report by CRISIL Ratings. The report said the growth will be supported mainly by strong demand from the retail and micro, small and medium enterprise (MSME) segments, along with corporates continuing to prefer bank loans over bond issuances. Also Read | Vivo X300 Ultra Review: Flagship Featu ...Read More >
Mumbai (Maharashtra) [India], April 7 (ANI): Bank credit in India is expected to grow around 13 per cent in the current fiscal, slightly slower than the estimated 14 per cent growth in FY26, according to a report by CRISIL Ratings. The report said the growth will be supported mainly by strong demand from the retail and micro, small and medium enterprise (MSME) segments, along with corporates continuing to prefer bank loans over bond issuances. "Bank credit is poised to grow ~13% this fiscal, d ...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 >
Gold rates today: This week so far has been bearish for gold & silver prices because of two major consecutive drops. The 24 karat gold rate in Bangalore today fell after rallying last week, where the yellow metal added Rs. 26,000 per kg and jumped 192%. Similarly, the gold rate in Kerala today followed the pattern. "The recent movements in precious metals are largely influenced by rising crude oil prices, which surged 3.02% to $115.81 per barrel (Rs. 10,764), driven by geopolitical tensions, pa ...Read More >
New Delhi, Apr 7 (PTI) Crude oil prices rose nearly 3 per cent to hit a record high of Rs 10,888 per barrel in futures trade on Tuesday, tracking strong global cues as tensions between the US and Iran intensified ahead of President Donald Trump's deadline for reopening the Strait of Hormuz. On the Multi Commodity Exchange (MCX), crude oil for April delivery increased by Rs 300, or 2.83 per cent, to hit a lifetime high of Rs 10,888 per barrel. Similarly, the May contract also advanced Rs 170, o ...Read More >
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