Former Reserve Bank deputy governor Michael Patra on Monday said corporate India is a “missing actor” in the country’s growth story, stressing that the economy can accelerate beyond 8% if businesses step up investments.“Now we are seeking to head back [to 8%]. The most important missing actor in this is corporate India, which is not…
The rupee closed at a fresh all-time low of 88.10 against the US dollar on Monday, slipping by just 1 paisa amid concerns over Indo-US trade tariffs and strong dollar demand from importers.Currency traders said the domestic unit opened weaker at 88.18 at the interbank foreign exchange market and fell further to touch an intra-day…
India’s current account deficit (CAD) narrowed sharply to $2.4 billion, or 0.2% of GDP, in the June quarter of 2025-26, from $8.6 billion (0.9% of GDP) in the same period last year, the Reserve Bank of India (RBI) said on Monday.The improvement was aided by robust services exports, even as the merchandise trade gap widened….
Gold rate today: Gold prices surged for the sixth straight session on Monday, rising Rs 1,000 to hit a record Rs 1,05,670 per 10 grams in the national capital. The rally was driven by expectations of a US Federal Reserve rate cut this month and firm demand in overseas markets, according to the All India…
Sebi proposes revised rules for cyber-security framework Sebi’s recent clarifications on its Cybersecurity and Cyber Resilience Framework introduced tiered compliance standards, reducing requirements for smaller intermediaries. While the move is seen as a step toward strengthening market security and aligning with global norms, experts caution that smaller firms may still struggle with the costs and…
Historical patterns indicate a potentially muted period for Indian equity markets in September. Last year during this month, Indian stocks reached their highest points before experiencing significant volatility.Statistical analysis by Motilal Oswal Financial Services, cited by Economic Times, reveals that both Nifty 50 and Nifty 500 have declined in six out of the previous ten…
Data reveals a decline in India’s US T-bill investments in June compared to the previous year, whilst its gold reserves increased during this period. (AI image) US Treasury bills seem to be losing favour, with the Reserve Bank of India (RBI) stepping up gold holdings to increase India’s foreign exchange reserves. India’s central bank has…
The HSBC report indicated that substantial domestic demand continued to support significant increases in factory orders. (AI image) In a big boost for the Indian economy, the manufacturing sector Purchasing Managers’ Index (PMI) rose to a 17.5-year high in August.The manufacturing sector demonstrated increased growth in August, with PMI rising to 59.3 from July’s 59.1,…
Peter Navarro (File photo) US President Donald Trump’s advisor Peter Navarro renewed his criticism of India, accusing the country of indirectly funding Russia’s war in Ukraine through discounted oil purchases—and claiming that Brahmins are profiting at the expense of Indians.“Look, Modi’s a great leader. I don’t understand why he’s getting into bed with Putin and…
Reserve Bank of India Deputy Governor M Rajeshwar Rao on Sunday flagged off a walkathon on cyber security awareness at Sukhna Lake here, stressing that banking services, especially digital platforms, are designed for public convenience and must be used responsibly.The walkathon, organised by the Bankers’ Club, Chandigarh, saw enthusiastic participation from bankers across the region,…
