Old gold exchange transactions at jewellery stores have surged by as much as 60% year-on-year as soaring gold prices encourage consumers to use existing jewellery to fund fresh purchases, according to an ET report citing industry executives.The report said exchange-led purchases now account for almost half of sales at leading jewellery chains. The trend has…
Russian President Vladimir Putin on Thursday expressed confidence that bilateral trade between India and Russia will reach USD 100 billion in the coming years, highlighting growing cooperation in energy, investments and other strategic sectors.Speaking at the St Petersburg International Economic Forum, Putin praised India’s economic growth and described New Delhi as a reliable partner, while…
The central government on Friday announced a series of measures aimed at attracting foreign investments, including easier investment norms for foreign individuals in Indian equities, expanded investment options for foreign portfolio investors (FPIs), and tax-free income on government securities with effect from April 1, 2026. The Union ministry of finance said further reforms have been…
The Indian rupee became stronger by 50 paise and reached 95.24 against the US dollar on Friday after the Reserve Bank of India (RBI) announced new policy measures. Forex traders said investor confidence improved after the RBI relaxed rules for Foreign Portfolio Investors (FPIs) to invest in government securities. Rupee jumps after RBI policy decision, touches…
Foreign capital (AI image) US-Iran war: Moving in to bolster forex reserves and attract foreign investments, the Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday announced five measures. The steps come at a time when foreign investors have been exiting Indian equities at a record pace, putting pressure on the rupee and India’s…
As widely anticipated, the Reserve Bank left interest rates unchanged for a second consecutive policy meeting. Giving a major boost to the rupee, Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday announced several steps to attract foreign capital at a time when the US-Iran conflict is putting pressure on India’s external sector resilience.The…
Gold’s intraday technical structure remains weak following a decisive breakdown below key support levels. (AI image) Gold price prediction today: Gold prices seem to be exhibiting weak intraday bias, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. He recommends a sell on rise strategy.Gold August futures on MCX are trading near…
In a bid to attract dollar inflow, the government has scrapped long-term capital gains tax on investments made by foreign institutional investors (FIIs) in government securities through an Ordinance issued on Friday. A man walks past an installation of the Rupee logo and Indian currency coins outside the Reserve Bank of India (RBI) headquarters in…
As far back as April, India told the United States Trade Representative (USTR) to address all trade concerns within the framework of ongoing negotiations for the bilateral trade agreement (BTA) and not through unilateral measures like alleged use of forced labour in merchandise exported to the US, per the USTR’s records. Representational image. Despite India’s…
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Friday unanimously decided to keep the policy repo rate unchanged at 5.25 per cent, while maintaining its neutral policy stance amid rising global uncertainties, geopolitical tensions in West Asia and concerns over inflationary pressures. Sanjay Malhotra, governor of the Reserve Bank of India (RBI)…
