Gold’s remarkable rally shows no signs of slowing as the festive season approaches, with many analysts expected the prices to hit Rs 1.3 lakh per 10 grams this festive season. Rising global economic uncertainty, steady central bank purchases and expectations of interest rate cuts are driving the demand. If the trend continues, gold could climb…
Indian banks are expected to emerge stronger under the Reserve Bank of India’s (RBI) upcoming regulatory reforms, which aim to bolster the financial system’s ability to absorb shocks and improve long-term stability, according to global rating agency Fitch Ratings. The report, released on Sunday, October 12, noted that the RBI’s 21 proposed measures mark a…
Gold touched a new lifetime high on Wednesday, October 8, crossing the $4,000 per ounce mark in global trade for the first time. The rally came on the back of rising uncertainty in world markets and growing bets that the US Federal Reserve could begin cutting interest rates before the end of the year. In…
The Centre’s decision to raise the Minimum Support Prices for six rabi crops is not expected to cause a significant increase in retail inflation, according to a report by ICICI Bank Global Markets, reported by ANI. The government on October 1, announced the new MSPs for the 2026-27 rabi marketing season, increasing support prices between…
The Reserve Bank of India (RBI) has given exporters and importers additional time to complete merchanting trade transactions (MTT), easing compliance requirements amid global trade uncertainty. The decision, according to Zee Business sources, is expected to provide relief particularly for small-value transactions. Six months instead of four According to the sources, the RBI has extended…
India’s economy could expand by an average of 6.5 per cent a year over the next decade, with industry and exports set to drive much of that growth, according to a report by US investment bank Morgan Stanley. Exports below potential India accounts for just 1.8 per cent of global exports despite its large share…