The Reserve Bank of India (RBI) on Friday (June 5) kept the repo rate unchanged at 5.25%, maintaining a neutral stance amid rising inflation risks and global uncertainty. While the policy decision brings no fresh relief for borrowers, it ensures that home loan EMIs remain stable, even as earlier rate cuts continue to support housing…
ICICI Prudential Asset Management Company (AMC) has imposed a temporary restriction on large subscriptions to its Gold ETF, amid strong investor interest in gold-backed investment products following a sharp rally in the precious metal. In a notice-cum-addendum issued on Friday (June 5), the fund house said subscriptions to the ICICI Prudential Gold ETF made directly…
Images emerging from Delhi’s Malviya Nagar fire are difficult to forget. While the immediate focus remains on supporting affected families and determining the cause of the tragedy, such incidents also prompt a broader conversation about preparedness and protection. Among the questions that arise is how insurance and liability frameworks work in the hospitality sector, and…
Gold and silver prices declined sharply in futures trade on Friday (June 5) as investors turned cautious ahead of key US jobs data and amid easing geopolitical concerns. On the Multi Commodity Exchange (MCX), gold contracts for August delivery fell ₹1,536, or 0.96%, to ₹1.58 lakh per 10 grams. Silver contracts for July delivery dropped…
Only 12 international mutual fund schemes are currently accepting fresh systematic investment plan (SIP) registrations, while most others remain closed to new subscriptions, according to an analysis by Value Research. The restrictions stem from regulatory limits on overseas investments available to the mutual fund industry. While Indian investors have sought exposure to global markets, most…
The National Stock Exchange (NSE) is stepping up efforts to deepen participation in India’s gold market through Electronic Gold Receipts (EGRs), a new exchange-traded instrument that allows investors to buy, sell and hold gold in demat form while retaining the option to convert holdings into physical gold. The exchange launched its EGR segment on May…
The Reserve Bank of India has relaxed investment norms for foreign portfolio investors (FPIs), removing concentration limits under the General Route in a move aimed at improving foreign participation in India’s debt market. The measure gives FPIs greater flexibility in allocating investments across eligible debt instruments and reduces operational restrictions that have traditionally influenced foreign…
The Reserve Bank of India (RBI) announced a concessional forex swap facility for public sector enterprises to encourage overseas fundraising and support foreign currency inflows amid heightened volatility in global currency markets. Under the measure, the RBI will provide a concessional forex swap facility until September 30, 2026 to incentivise 3-5 year External Commercial Borrowings…
As part of measures aimed at attracting foreign capital, the Reserve Bank of India has expanded the universe of government securities eligible under the Fully Accessible Route (FAR). The RBI announced that 15-year, 30-year and 40-year tenor government securities (G-Secs) will now be included in the specified securities category under FAR. Until now, the eligible…
India’s gold exchange-traded funds (ETFs) recorded their first net monthly outflow in a year in May, as investors booked profits after a sharp rally in domestic prices. According to World Gold Council data, gold ETFs saw net outflows of about $61 million (0.4 tonnes), taking total holdings down to 116.3 tonnes. Despite the monthly exit,…
