The Reserve Bank of India added more gold in its reserves in FY25 vs FY24, with the quantity of the yellow metal it bought more than doubling to 57.49 tonnes from 27.46 mt, per RBI’s Half Yearly Report on Management of Foreign Exchange (FX) Reserves. Simultaneously, the share of gold in value terms in forex…
Representative image | Photo Credit: Reuters The rupee depreciated 9 paise to close at 85.68 (provisional) against U.S. dollar on Wednesday (July 2, 2025), on weak domestic equity markets and a rise in crude oil prices. Forex traders said a slight recovery in the U.S. dollar too weighed on the rupee as market players await…
Is the Centre financially squeezing the States? The question arises as the Union government has been increasingly sharing less revenue with the States at a time when the ability of the States to generate revenue has weakened and their borrowing capacity curtailed. In 1962, several States complained to the Third Finance Commission (FCIII) about a…
The growth in gold loans of banks reached an all time high in the financial year 2024-25. According to the latest data of Reserve Bank of India the gold loan portfolio of scheduled commercial banks increased 87.4 percent in the April 2024 and February 2025 period of the last financial year as against 15.4 percent…
Image used for representation purpose only. | Photo Credit: Reuters The rupee depreciated 19 paise to 86.59 against the U.S. dollar in early trade on Friday (July 25, 2025), a negative trend in domestic equities and foreign fund outflows dented investors’ sentiments. Forex traders said the local unit is trading in a range-bound manner as…
Prime Minister Narendra Modi shakes hands with his British counterpart Keir Starmer after Britain’s Secretary of State for Business and Trade, Jonathan Reynolds and Union Minister Piyush Goyal signed a free trade agreement, at Chequers Estate, in U.K.. (X/@narendramodi) The India-UK Free Trade Agreement (FTA) signed on Thursday (July 25, 2025) establishes a modern, forward-looking…
Jewellery retailers in India are reporting a significant surge in old gold exchanges, driven by record-high gold prices. | Photo Credit: PAUL NORONHA With gold prices hovering above ₹95,000 per 10 grams and rising steadily over the past year, many consumers are opting to recycle or exchange their old jewellery rather than buy new. For…
A view of the Bombay Stock Exchange in Bombay | Photo Credit: AP Equity benchmark indices Sensex and Nifty tumbled in early trade on Friday (July 25, 2025) dragged down by Bajaj Finance and persistent foreign fund outflows. A weak trend in Asian markets also dented investors’ sentiment. The 30-share BSE Sensex dropped 407.45 points…
The markets watchdog proposed MIIs, like stock exchanges or clearing corporations, appoint two executive directors reporting to the Managing Director. | Photo Credit: HEMANSHI KAMANI Securities and Exchange Board of India (SEBI) proposed measures to strengthen the governance of market infrastructure institutions (MII) in a consultation paper released on June 24. The need for review…
Gold prices up across India | Photo Credit: DHIRAJ SINGH Gold prices in India saw an increase today across all cities. The price for 8 grams of 24-carat gold also rose in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key cities. Gold rates in India: The gold prices…
