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Mumbai, Oct 3 (PTI) A "structural shift" in deposit composition due to a decline in fixed deposits and lower share of current and savings accounts (Casa) balances poses challenges to banks over the medium to long term, rating agency Crisil said on Friday. This comes amid concerns in some quarters over the increased preference for capital market investments by households looking for higher yields, while others believe the shift is representative of the maturing profile of the system. "Two key t ...Read More >
New Delhi, Oct 1 (PTI) Gold prices rallied by Rs 1,100 to breach the Rs 1.21 lakh per 10 grams mark in the national capital on Wednesday, tracking firm global cues amid the US government shutdown after Congress failed to approve fresh federal funding. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity jumped Rs 1,100 to hit a fresh peak of Rs 1,21,100 per 10 grams (inclusive of all taxes). It had closed at Rs 1,20,000 per 10 grams on Tuesday. In the local ...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 (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 >
New Delhi [India], October 1 (ANI): The medium-term outlook for the Indian rupee remains tilted to the downside unless there is relief from the persistent twin deficit, current account and fiscal deficit, according to a report released by Union Bank of India. The report noted that while reversal in flows may temporarily hide the fair value of the rupee, structurally the bias continues to be for gradual depreciation. It stated, "Near-term price action may be choppy, but the medium-term slope fo ...Read More >
New Delhi: The Reserve Bank of India (RBI), on Wednesday, announced several measures to help exporters tide over challenges posed by the imposition of 50% tariffs by the US. These include reduced paperwork and compliance burden for small exporters and importers. "The export sector is a vital part of India's economy," RBI governor Sanjay Malhotra said while announcing steps to further strengthen the sector and enhance ease of doing business for traders. Extension of the time period for repatria ...Read More >
Mumbai (Maharashtra), October 1 (ANI): The Reserve Bank of India (RBI) on Wednesday revised its inflation target for the current financial year to 2.6 per cent, marking a significant moderation from earlier projections. In August policy as well, the inflation target was revised downwards to 3.1 per cent, down from 3.7 per cent projected in June. Announcing the decision, RBI Governor Sanjay Malhotra stated that the Monetary Policy Committee (MPC) observed that the overall inflation outlook has ...Read More >
Benchmark stock indices Sensex and Nifty closed marginally lower in a volatile session on Monday, extending their downtrend to the seventh day, as bank stocks were dragged by persistent foreign fund outflows ahead of the RBI's interest rate decision later this week. Photograph: Hemanshi Kamani/Reuters After gyrating between gains and losses in a restricted trade, the 30-share BSE Sensex declined 61.52 points or 0.08 per cent to settle at 80,364.94. During the day, it hit a high of 80,851.38 a ...Read More >
Mumbai (Maharashtra) [India], October 1 (ANI): Indian stock markets opened on a cautious note on Wednesday as investors awaited the policy announcement by Reserve Bank of India (RBI) Governor Sanjay Malhotra. The Nifty 50 index opened at 24,620.55, gaining 9.45 points or 0.04 per cent, while the BSE Sensex opened at 80,173.24, recording a marginal decline of 94.38 points or 0.12 per cent. Also Read | Tamil Nadu and Puducherry Weather Forecast: Meteorological Department Predicts Thunderstorm in ...Read More >
Mumbai, Oct 1 (PTI) The rupee recovered 5 paise to 88.75 against US dollar in early trade on Wednesday, ahead of the Reserve Bank of India's monetary policy decision. Forex traders said the Indian rupee traded in a narrow range after it closed at its lowest on Tuesday, driven primarily by persistent foreign fund outflows and mounting trade concerns. Moreover, investors are also awaiting the Monetary Policy Committee decision of the Reserve Bank of India (RBI) for further cues. At the interban ...Read More >
Mumbai (Maharashtra) [India], October 1 (ANI): Indian stock markets opened on a cautious note on Wednesday as investors awaited the policy announcement by Reserve Bank of India (RBI) Governor Sanjay Malhotra. The Nifty 50 index opened at 24,620.55, gaining 9.45 points or 0.04 per cent, while the BSE Sensex opened at 80,173.24, recording a marginal decline of 94.38 points or 0.12 per cent. Market experts said investors were largely in a wait-and-watch mode ahead of the outcome of the RBI's Mone ...Read More >
[BENGALURU] Gold prices edged higher on Wednesday (Oct 1), hovering near record levels as the US moved closer to a government shutdown, bolstering safe-haven demand, while weak US labour data reinforced expectations of further Federal Reserve rate cuts. Spot gold was up 0.2 per cent at US$3,861.22 per ounce, as at 8.30 am. Bullion logged about 12 per cent rise in September, making it the metal's sharpest monthly rise since August 2011. US gold futures for December delivery gained 0.4 per cent ...Read More >
New Delhi: The government on Tuesday left interest rates unchanged for various small savings schemes, including PPF and NSC, for the seventh straight quarter beginning October 1, 2025. "The rates of interest on various small savings schemes for the third qua-rter of FY26, starting from October 1 and ending on December 31 shall remain unchanged from those notified for the second quarter (July 1 to September 30) of FY26," the finance ministry said. As per the notification, deposits under the Suk ...Read More >
Mumbai: The Reserve Bank of India (RBI) has revised its existing rules to make retail loans more flexible, widened the scope for lending against gold and silver collateral, and provide easier capital-raising avenues for banks besides improving credit information systems. Announced through seven directions and circulars on Monday evening, three of these changes will take effect from October 1, while four others have been released for public consultation until October 20, 2025. Draft proposals, me ...Read More >
MUMBAI: The rupee continued to plumb new depths, hitting an intraday low of 88.80 on Tuesday and ending the day at a fresh closing low for the second consecutive session at 88.79 to the greenback. The latest weakness is primarily driven by the worries over how the monetary policy committee would act on the key interest rates on Wednesday. The currency opened four paise lower at 88.79 and went down further to hit an all-time low of 88.80. With this, the unit has fallen 3.71% so far this year and ...Read More >
Corporate India shows strong credit quality. Domestic consumption and government spending provide support. US tariffs present a challenge for export sectors. Gems, textiles, and marine industries face potential impact. Rating agencies report stable credit ratios overall. Banking sector exposure to these risks is low. Credit growth projections remain healthy. Corporate India's credit quality remains strong, supported by favourable domestic consumption, strong balance sheets and steady government ...Read More >
New Delhi, Sep 30 (PTI) The government on Tuesday left interest rates unchanged for various small savings schemes, including PPF and NSC, for the seventh straight quarter beginning October 1, 2025. "The rates of interest on various Small Savings Schemes for the third quarter of FY 2025-26, starting from 1st October, 2025 and ending on 31st December, 2025 shall remain unchanged from those notified for the second quarter (1st July, 2025 to 30th September, 2025) of FY 2025-26," the finance ministr ...Read More >
Mumbai, Sep 30 (PTI) Corporate India's credit moderated marginally in the April-September period, and the impact of the tariffs slapped by the US is a monitorable factor going ahead, rating agencies said on Tuesday. Crisil said the credit ratio, or the number of upgrades to downgrades, moderated to 2.17 in the first half of the fiscal, which is down from 2.75 in the same period last year and 2.64 in the October 2024-March 2025 period. The agency, which rates 7,300 companies, said there were 49 ...Read More >
Mumbai- Benchmark indices Sensex and Nifty closed lower on Tuesday after a volatile session, marking the eighth consecutive session of southward movement due to relentless foreign fund outflows and caution ahead of the RBI's interest rate decision. Giving up early gains, the 30-share BSE Sensex declined 97.32 points or 0.12 per cent to settle at 80,267.62. During the day, it hit a high of 80,677.82 and a low of 80,201.15. In eight trading days, the Sensex has tanked 2,746.34 points or 3.30 per ...Read More >
Mumbai: The Indian rupee slipped to a fresh historic low of 88.79 (provisional) against the US dollar on Tuesday, pressured by continued foreign capital outflows and growing concerns over global trade tensions. At the interbank foreign exchange market, the rupee opened at 88.73 and traded in a tight range between 88.69 and 88.80 before settling at 88.79. This marked a 4 paise drop from the previous closing rate. On Monday, the rupee had already ended lower by 3 paise at 88.75 per dollar. Accor ...Read More >
Mumbai, Sep 30 (PTI) Benchmark indices Sensex and Nifty closed lower on Tuesday after a volatile session, marking the eighth consecutive session of southward movement due to relentless foreign fund outflows and caution ahead of the RBI's interest rate decision. Giving up early gains, the 30-share BSE Sensex declined 97.32 points or 0.12 per cent to settle at 80,267.62. During the day, it hit a high of 80,677.82 and a low of 80,201.15. In eight trading days, the Sensex has tanked 2,746.34 points ...Read More >
Bengaluru : Bank of Baroda (Bank), one of India's leading public sector banks, and IIFL Finance, a leading Non-Banking Financial Company (NBFC), have entered into a Co-Lending partnership to offer gold loans primarily targeted at underserved and unbanked customer segments across semi-urban and rural India. The collaboration aims to provide small borrowers with faster, easier, and more affordable credit for agricultural and allied activities. Under this agreement and in line with the Reserve Ban ...Read More >
Bengaluru - Gold prices rose further to hit a fresh high on Sept 30 and were poised for their best month in 14 years, as fears of a potential US government shutdown and growing expectations of further US interest rate cuts boosted demand for the safe-haven metal. Spot gold was up 0.2 per cent at US$3,842.76 per ounce, as of 0123 GMT. Bullion has risen 11.4 per cent so far in September, on track for its best month since August 2011. US gold futures for December delivery gained 0.4 per cent to U ...Read More >
MUMBAI: Gold and silver prices continued to record new all-time highs in the domestic market on Monday. It was backed by rallies in international prices on the likelihood of a US govt shutdown, trade-related jitters, and the continuing weakness of the rupee against major currencies.In the local spot market silver hovered around the Rs 1.5 lakh/kg mark, while gold was nearing the Rs 1.2 lakh/10gm mark. In international markets, the price of the yellow metal neared the $3,900/ounce (Oz) mark, a ne ...Read More >
New Delhi: Global rating agency Crisil on Monday projected India's gross domestic product (GDP) to grow 6.5 per cent this fiscal, amid rising private consumption and tax reforms. Rising private consumption should support industrial production. "So far, a copious monsoon, robust kharif sowing and benign inflation have supported the rural economy. The impact of excess rains on agriculture output will be monitorable. The urban economy will get a leg-up from lower lending rates, income tax relief ...Read More >
(RTTNews) - India's industrial output growth eased slightly in August after a spike in July, and growth was led by a strong performance in the mining sector and production of infrastructure goods, preliminary data from the statistical ministry showed on Monday. The industrial production index rose 4.0 percent year-on-year, which was far less than the 5 percent increase economists had expected. The pace of growth slowed from 4.3 percent in July, which was revised from the 3.5 percent initially ...Read More >
India's Free Trade Agreement (FTA) with the European Free Trade Association (EFTA) countries -- Switzerland, Liechtenstein, Norway and Iceland -- will officially come into effect from 1 October 2025, Union Minister of Commerce and Industry Piyush Goyal announced on Monday. Speaking at the valedictory session of the UP International Trade Show, Goyal said the deal, which was finalised in March 2024, marks another major step in India's global trade strategy. "Free Trade Agreement (FTA) with the ...Read More >
New Delhi [India], September 29 (ANI): Union Minister of Commerce & Industry, Piyush Goyal, said the UP International Trade Show has provided a vital platform for MSMEs, women entrepreneurs, swadeshi products, and export-oriented units. Calling the event a true amalgamation of "vocal for local" and "local goes global," he urged all stakeholders to commit to using swadeshi products and ensure that GST benefits flow directly to consumers, thereby promoting inclusive growth for all, as per a gover ...Read More >
New Delhi, Sep 29: India is in discussions with the US, the EU, New Zealand, Oman, Peru and Chile for free trade agreements (FTAs), while Qatar and Bahrain have also expressed interest, Commerce Minister Piyush Goyal said on Monday. India Already Has FTAs with UAE, Australia, UK The FTA with the EFTA countries (Iceland, Liechtenstein, Norway, and Switzerland), which was finalised in March 2024, will come into effect from October 1, Goyal added. The minister informed that the developed nations ...Read More >
Mumbai, Sep 29 (PTI) Benchmark stock indices Sensex and Nifty closed marginally lower in a volatile session on Monday, extending their downtrend to the seventh day mainly due to selling in banking shares and persistent foreign fund outflows ahead of the RBI's interest rate decision later this week. After gyrating between gains and losses in a restricted trade, the 30-share BSE Sensex declined 61.52 points or 0.08 per cent to settle at 80,364.94. During the day, it hit a high of 80,851.38 and a ...Read More >
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