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Sept 30 (Reuters) - India's central bank on Tuesday said that the overnight weighted average call rate will continue to be the operating target of monetary policy under the revised liquidity management framework. The Reserve Bank of India also said that the 14-day variable rate repos and variable rate reverse repos will be discontinued as the main operations for managing short-term liquidity. Liquidity will me managed primarily through 7-day liquidity operations and through repos and reverse r ...Read More >
MUMBAI, Sept 30 (Reuters) - India's National Stock Exchange will offer a daily expiry on GIFT Nifty (.GIFc1), opens new tab contracts to foreign investors via a tax-neutral jurisdiction as it seeks to attract more global funds, diverging from domestic markets' tighter equity derivatives rules. GIFT Nifty is a dollar-denominated derivative contract of the Nifty 50 traded on NSE subsidiary, the NSE International Exchange (NSE IX) in Gujarat International Finance Tech (GIFT) City. In August, the c ...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 >
India's Tilak Varma celebrates (centre) with teammates after winning the Asia Cup against Pakistan at the Dubai International Cricket Stadium Monday. Reuters Pakistan captain Salman Agha said India had "disrespected cricket" while Indian counterpart Suryakumar Yadav complained his side were denied the trophy after winning a fraught Asia Cup overshadowed by ill feeling on both sides. The two teams did not shake hands for the third Asia Cup match running as India won a thrilling final by five wi ...Read More >
Sept 29 (Reuters) - Tata Steel (TISC.NS), opens new tab has signed a non-binding pact with the government of Netherlands to transition to low-carbon emission steel production at its IJmuiden plant, the Indian steelmaker said on Monday. The plant is among the largest polluters in the country and Tata has been in talks with the Dutch government for months over subsidies to help it clean up production processes. The government intends to provide up to 2 billion euros ($2.35 billion) under the pac ...Read More >
The Indian rupee (INR) plunged to near its all-time weakest level on Monday, weighed down by sustained foreign portfolio investor (FPI) outflows and strong corporate demand for US dollars. The INR settled at 88.76 against the US dollar, just shy of last week's all-time low of 88.7975 against the greenback. The Indian currency opened slightly higher, but steadily weakened throughout the trading session. India's public sector banks intervened with dollar sales, likely under the guidance of the Re ...Read More >
Bengaluru, 29 September 2025: Axis Bank, one of the largest private sector banks in India, in collaboration with Freecharge, has unveiled Credit on UPI with Gold Loans - India's first gold-backed credit line accessible through the Unified Payments Interface (UPI). This innovative product is designed to unlock the economic potential of gold assets, especially for micro, small and medium enterprises (MSMEs), self-employed entrepreneurs and merchants across both urban and rural India. Credit on UP ...Read More >
MUMBAI (Reuters) -A wholly-owned subsidiary of Vedanta Resources plans to raise funds through sale of seven-year U.S. dollar-denominated bonds, two merchant bankers said on Monday. Vedanta Resources Finance II could look to raise around $750 million through these bonds over the next few days, which will have a call option at end of two years, the added. The proceeds will be used to repay a private credit facility, and any additional proceeds will be used to repay other debts and for general co ...Read More >
MUMBAI (Reuters) -The Indian rupee closed near its all-time low on Monday as lingering foreign portfolio outflows and corporate dollar demand kept up pressure on the South Asian currency. The rupee settled at 88.76 against the U.S. dollar, its weakest ever closing level and down slightly from its close at 88.7175 on Friday. The currency declined to an all-time low of 88.7975 last week. After starting the session with a modest uptick, the local currency drifted lower through the session, averti ...Read More >
MUMBAI (Reuters) -The Indian rupee, under persistent pressure in recent sessions, is expected to find relief at Monday's open, lifted by a broad rally in Asian peers. The 1-month non-deliverable forward indicated the rupee will open in the 88.62-88.64 range versus the U.S. dollar, compared with 88.7175 in the previous session. The Indian currency shed 0.7% last week, sinking to an all-time low of 88.7975, with the U.S. H1-B visa fee increase adding to bearishness. Without the Reserve Bank of I ...Read More >
MUMBAI (Reuters) -The Reserve Bank of India is widely expected to hold its key policy rate at 5.50% on Wednesday, though some economists say a surprise cut cannot be ruled out as it weighs the impact of U.S. trade tariffs and subdued inflation. A Reuters poll showed nearly three-quarters of economists expected a pause, but major banks including Citi, Barclays, Capital Economics and SBI have flagged the possibility of a cut citing downside risks to growth and a benign inflation outlook. The RBI ...Read More >
NEW DELHI -- A stampede at a rally for a popular Indian actor and politician in the southern state of Tamil Nadu killed at least 36 people and injured 40 others, the state's health minister said late Saturday. Ma Subramanian told The Associated Press (AP) that the victims were dead by the time they were taken to a hospital and that the injured were stable. The dead included eight children, Subramanian said. GRIEVING RELATIVES Families of people killed in a stampede during a rally for a popula ...Read More >
CHENNAI: Police in India registered a criminal case against leaders of Tamil actor Vijay's political party after a stampede at his rally killed 39 people, a senior police official said on Sunday. The dead included children and more than 50 people were injured in Saturday's stampede in the southern state of Tamil Nadu, where Vijay was campaigning for his Tamilaga Vettri Kazhagam party ahead of state elections early next year. Tamil Nadu police filed the case, the first step toward potential char ...Read More >
NEW DELHI: Police in India have filed a criminal case against senior leaders of Tamil actor-turned-politician Vijay's party after a stampede at his election rally killed 39 people in Tamil Nadu's Karur district on Saturday. Officials said more than 50 others were injured in the incident. The case was registered against Tamilaga Vettri Kazhagam (TVK) leaders Bussy Anand, Nirmal Kumar and V.P. Mathiyalagan, senior police official V. Selvaraj told Reuters. Authorities said TVK had originally sough ...Read More >
CHENNAI: Police in India have registered a criminal case against leaders of Tamil actor Vijay's political party following a deadly stampede at his rally. The stampede killed 39 people including children and injured more than 50 others in the southern state of Tamil Nadu. Senior police official V. Selvaraj confirmed the case was filed against TVK party senior leaders Bussy Anand, Nirmal Kumar and V.P. Mathiyalagan. He stated that TVK originally sought permission for a gathering of 10,000 peopl ...Read More >
U.S. Presses India: Cut Russian Oil Imports or Watch Trade Deal Slip Away Washington is making it clear to New Delhi: any path forward on a U.S.-India trade deal runs through Russia's oil fields. In recent talks, U.S. trade negotiators told Indian counterparts that curbing purchases of Russian crude is critical to lowering America's punitive tariffs and unlocking a deal, sources told Reuters on Friday. India is pushing back. Commerce Minister Piyush Goyal called the negotiations "constructive, ...Read More >
DUBAI, Sept 26 (Reuters) - Defending champions India survived Pathum Nissanka's blistering hundred and some intense Super Over drama before beating Sri Lanka in a dead rubber to maintain their unbeaten run in the Asia Cup on Friday. With India having already secured their place in Sunday's final against Pakistan and Sri Lanka eliminated, the Super Fours clash was of merely academic interest but it turned out to be the most exciting game of this year's tournament. Sri Lanka gave a good account ...Read More >
Washington is making it clear to New Delhi: any path forward on a U.S.-India trade deal runs through Russia's oil fields. In recent talks, U.S. trade negotiators told Indian counterparts that curbing purchases of Russian crude is critical to lowering America's punitive tariffs and unlocking a deal, sources told Reuters on Friday. India is pushing back. Commerce Minister Piyush Goyal called the negotiations "constructive," but New Delhi is making room for strategic wiggle; officials have floated ...Read More >
(Reuters) -U.S. trade negotiators have told their Indian counterparts that curbing purchases of Russian oil is crucial to reducing India's tariff rate and sealing a trade deal, two people familiar with the talks told Reuters. While trade negotiations are on a positive track, a U.S. official said, more work is needed to ensure India addresses U.S. concerns over market access, the trade deficit and purchases of Russian oil. U.S. President Donald Trump has sought to pressure India, the European U ...Read More >
Sept 26 (Reuters) - U.S. trade negotiators have told their Indian counterparts that curbing purchases of Russian oil is crucial to reducing India's tariff rate and sealing a trade deal, two people familiar with the talks told Reuters. While trade negotiations are on a positive track, a U.S. official said, more work is needed to ensure India addresses U.S. concerns over market access, the trade deficit and purchases of Russian oil. U.S. President Donald Trump has sought to pressure India, the E ...Read More >
NEW DELHI (Reuters) -India rejected as "incorrect and baseless" remarks by NATO's chief that suggested Indian Prime Minister Narendra Modi was contacting Russian President Vladimir Putin over the impact of punitive U.S. tariffs on its purchases of Russian oil. India's foreign ministry called the remarks speculative and said on Friday there was no such conversation. NATO Secretary General Mark Rutte, in an interview with CNN, had spoken about U.S. President Donald Trump's doubling of tariffs on ...Read More >
NEW DELHI, Sept 26 (Reuters) - India rejected as "incorrect and baseless" remarks by NATO's chief that suggested Indian Prime Minister Narendra Modi was contacting Russian President Vladimir Putin over the impact of punitive U.S. tariffs on its purchases of Russian oil. India's foreign ministry called the remarks speculative and said on Friday there was no such conversation. NATO Secretary General Mark Rutte, in an interview with CNN, had spoken about U.S. President Donald Trump's doubling of ...Read More >
NEW DELHI: India's government has drafted a proposal to ease foreign investment rules to allow e-commerce companies such as Amazon to buy products directly from Indian sellers and then sell them to overseas customers, a document showed. India prohibits foreign e-commerce companies from selling goods directly to consumers at home or abroad, allowing them only to operate a marketplace to connect buyers and sellers for a fee. The policy has been a matter of dispute between New Delhi and Washingto ...Read More >
By Manoj Kumar and Shivam Patel NEW DELHI (Reuters) -India said on Friday its officials held "constructive" talks with U.S. counterparts during a visit to Washington this week, and both sides agreed to continue discussions aimed at concluding a mutually beneficial trade deal soon. "Both sides exchanged views on possible contours of the deal," the commerce ministry said in a statement. A delegation led by Commerce and Industry Minister Piyush Goyal visited the U.S. from September 22 to 24 and ...Read More >
NEW DELHI, Sept 26 (Reuters) - India said on Friday its officials held "constructive" talks with U.S. counterparts during a visit to Washington this week, and both sides agreed to continue discussions aimed at concluding a mutually beneficial trade deal soon. "Both sides exchanged views on possible contours of the deal," the commerce ministry said in a statement. A delegation led by Commerce and Industry Minister Piyush Goyal visited the U.S. from September 22 to 24 and met U.S. Trade Represen ...Read More >
SRINAGAR, India, Sept 26 (Reuters) - Indian police arrested Ladakh activist Sonam Wangchuk on Friday, two days after New Delhi blamed him for violent protests demanding statehood, opens new tab for the Himalayan federal territory in which four people died, and suspended mobile internet services in its main city of Leh. Buildings and police vehicles were torched by angry crowds in Leh on Wednesday, as protesters moved away from a site where Wangchuk had been on hunger strike for 14 days. They cl ...Read More >
Sept 26 (Reuters) - Shares of India's Waaree Energies (WAAN.NS), opens new tab fell 4.5% to 3,288.9 rupees on Friday after U.S. customs officials said they were investigating if the solar panels maker sidestepped tariffs on Chinese-made cells and panels by labeling them as made in India. The U.S. Customs and Border Protection said in a memo on Friday that there was reasonable suspicion that Waaree had failed to label some of its imported products as subject to antidumping and countervailing dut ...Read More >
MUMBAI (Reuters) -The Indian rupee is likely to stay under pressure on Friday and could slip to an all-time low after U.S. President Donald Trump unveiled a new round of tariffs, including a 100% duty on any branded or patented pharmaceutical products. The 1-month non-deliverable forward indicated the rupee will open around the all-time low of 88.7975 hit earlier this week, compared with Thursday's close of 88.6650. Meanwhile, on Thursday, Trump said duties on branded drugs, heavy-duty trucks ...Read More >
(Bloomberg) -- The US is investigating whether Waaree Energies Ltd., India's largest solar panel maker, evaded anti-dumping and countervailing duties on solar cells from China and other Southeast Asian nations. US Customs and Border Protection has started a formal investigation of Waaree and Waaree Solar Americas Inc. and imposed interim measures because there is reasonable suspicion the company evaded duties when bringing merchandise into the US, according to a public notice by the agency obta ...Read More >
(Reuters) -The U.S. Customs and Border Protection is probing whether Indian solar panel maker Waaree Energies and its American arm evaded anti-dumping and countervailing duties on solar cells from China and other Southeast Asian nations, Bloomberg News reported on Thursday. The agency had imposed interim measures on Waaree based on reasonable suspicion that it evaded duties when importing goods into the U.S., the report said, citing a notice. Reuters could not immediately verify the report. Wa ...Read More >
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