Key Highlights PNB Sees Strong FCNR Deposit Inflows Following RBI’s Foreign Currency Mobilisation Measures New Delhi, June 8, 2026: State-owned lender Punjab National Bank (PNB) expects to mobilize between $2.5 billion and $3 billion through Foreign Currency Non-Resident (Bank) deposits after the Reserve Bank of India’s recent initiatives aimed at...
HIGHLIGHTS • Rupee surged 81 paise to close at 94.93 against the US dollar.• RBI announced measures to boost foreign capital inflows and forex liquidity.• Investor sentiment improved following the central bank’s policy decisions.• RBI retained the repo rate at 5.25% for the second consecutive policy review.• Monetary Policy Committee...
Key Highlights RBI Cuts FY27 Growth Forecast to 6.6%, Flags Weak Monsoon and Global Risks as Key Challenges Mumbai, June 5 — The Reserve Bank of India (RBI) has revised its economic growth outlook downward for FY27, citing concerns over a potentially weak monsoon season, rising energy costs, geopolitical uncertainties,...
Key Highlights Gold prices fell by Rs 2,100 per tola on June 5. Fine gold is trading at Rs 309,000 per tola. Gold was priced at Rs 311,100 per tola on the previous day. Silver prices declined by Rs 55 per tola. Silver is currently trading at Rs 5,230 per...
Key Highlights The Indian rupee posted a strong recovery during trading on June 5 after the Government of India announced the removal of capital gains tax on investments in government securities made by foreign institutional investors (FIIs). The policy move, designed to attract overseas capital and improve investor sentiment, comes...
Key Highlights The Reserve Bank of India (RBI) has officially dismissed media reports claiming that it sold approximately $12 billion worth of gold to protect India’s foreign exchange reserves amid the ongoing West Asia conflict. In a clarification issued on June 4, the RBI stated that the reports are incorrect...
Mumbai, June 4: The Indian rupee opened marginally stronger against the US dollar on Thursday, gaining 1 paisa to start the day at 95.70. Despite the modest rise, the domestic currency continues to face pressure from persistent foreign capital outflows, rising crude oil prices and escalating geopolitical tensions in the...
Key Highlights The Reserve Bank of India (RBI) has clarified that reports circulating in sections of the media regarding the sale of India’s gold reserves are incorrect. The central bank stated that its physical gold holdings remain unchanged at 880.52 tonnes as of date. The clarification came after reports suggested...
Key Highlights New Delhi: India’s economy is expected to grow by 7.3% in the fourth quarter of FY26, slightly higher than the 7.1% growth recorded in Q4 FY25, according to a research report by Bank of Baroda. The improvement is largely attributed to stronger performance in the services and utilities...
Key Highlights New Delhi: The Reserve Bank of India (RBI) reported a record total income of ₹4.28 lakh crore in FY 2025-26, leading to an unprecedented dividend transfer of ₹2.87 lakh crore to the central government. The surge in earnings was largely driven by foreign exchange operations undertaken to support...
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