Representational image of gold bars | Photo Credit: Reuters The Reserve Bank of India (RBI) has allowed banks to grant need-based working capital loans to manufacturers using gold as raw material, extending the provision currently available only to jewellers. Banks are generally prohibited from lending for the purchase of gold/silver in any form, or lending…
Gold touched a new record high and Treasuries held their gains as concerns mounted over a US government shutdown. The precious metal, a traditional safe-haven asset, climbed above $3,839 an ounce. The commodity’s 46 per cent rise so far this year is poised to be the best annual gain since 1979. Treasuries were little changed…
The three-day closed-door Monetary Policy Committee (MPC) meeting, which commenced on Monday (September 29, 2025), has raised hopes of a rate cut. The October policy comes within weeks of a cut in Goods and Services Tax (GST) and at a time when demand is likely to be created in the domestic market amid the…
The U.S. has imposed high tariffs, notably a 50% duty implemented in August 2025, which significantly impact India’s marine exports. File image used for representation. | Photo Credit: The Hindu The higher tariffs imposed on Indian goods by American President Donald Trump would have a long-term impact, especially for India’s marine exports, officials of the…
Falling for the seventh consecutive session, the 50-share NSE Nifty slipped 19.80 points or 0.08% to 24,634.90. Nifty has dropped more than 3% in the seven straight sessions due to selling by foreign investors. File. | Photo Credit: Reuters Benchmark stock indices Sensex and Nifty closed marginally lower in a volatile session on Monday (September…
At the interbank foreign exchange, the rupee opened at 88.69 against the U.S. dollar, and finally settled for the day with a loss of 7 paise at 88.79 (provisional), its lowest-ever closing level so far. File. | Photo Credit: Reuters Rupee consolidated in a narrow range and settled for the day lower by 7 paise…
Image used for representation purpose only. | Photo Credit: Reuters Moody’s Ratings on Monday (September 29, 2025) affirmed India’s long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at Baa3 with a ‘Stable’ outlook on the back of robust economic growth and sound external position. The global rating agency also affirmed India’s…
Silver breached the $45 psychological mark on COMEX while gold hovered near all-time highs on September 29, 2025, driven by a weaker dollar and growing expectations of continued Federal Reserve rate cuts. Traders are pricing in a 90 per cent probability of a Fed rate cut in October and a 65 per cent chance of…
Representational image of the Reserve Bank of India (RBI) logo pictured outside its head office | Photo Credit: Reuters The government has appointed Shirish Chandra Murmu as Deputy Governor of the Reserve Bank of India for a three-year term. The Appointments Committee of the Cabinet approved his appointment on Monday (September 29, 2025). Mr. Murmu’s…
File photo of Consumer Affairs Secretary Nidhi Khare. Consumer Affairs Secretary Nidhi Khare on Monday (September 29, 2025) said the government’s National Consumer Helpline (NCH) has received 3,000 complaints related to GST since the implementation of reduced taxes. “We have so far received 3,000 consumer complaints. We are sending them to the CBIC (Central Board…
