As traders remained on the sidelines ahead of the Reserve Bank of India’s (RBI) monetary policy meeting, the Indian rupee began slightly lower at 90.5200 on February 5. This was after it had recovered from its record lows reached in the previous sessions, which were triggered by the US-India trade pact. As of right now,…
Hindalco Industries placed an order with Bharat Heavy Electrical (BHEL) for between Rs 1,200 and Rs 1,500 crore. The order victory is for the implementation of a two-unit, 150-megawatt BTG package at the state-owned company’s Aditya Aluminum factory in Lapanga, Sambalpur district, according to a BSE announcement. Under the contract, the BTG package will be…
The Indonesian state-owned company Agrinas Pangan Nusantara has placed an order with Mahindra & Mahindra (M&M) for 35,000 of its light commercial vehicles, the Scorpio Pik Up. The automaker said in an exchange filing that the cars will be delivered in 2026 as part of a joint initiative in the nation in Southeast Asia. According…
Gold and silver are currently attracting significant investor attention due to high prices and fears surrounding inflation, geopolitics, and currency risks. However, this surge in interest is often a late-cycle behavior where assets perceived as safe become crowd-driven momentum trades, diminishing their protective qualities. Unlike income-generating investments, gold and silver’s value is contingent on future…
According to figures issued by the central bank on Friday, the Reserve Bank of India’s (RBI) foreign exchange reserves reached a new high of $709.4 billion. In the week ending January 23, foreign currency assets increased by $2.37 billion, gold reserves increased by $5.6 billion, and the total FX reserves increased by $8.05 billion. The…
On February 2, the day following the presentation of the Union Budget 2026, the Indian rupee opened higher as investor sentiment improved due to announcements concerning international institutional and portfolio investors. On February 1, The Finance Minister declared that the Portfolio Investment Scheme now allows non-Indian citizens to invest in stocks with increased quotas. This…
Gold prices surged past the $5,200 mark for the first time on January 26, 2026, reflecting an increase of over 3% the previous day, driven primarily by a weakening U.S. dollar, which has fallen to near four-year lows amidst ongoing geopolitical uncertainties and anxieties regarding monetary policy adjustments by the U.S. Federal Reserve. Spot gold…
Gold surpassed the $5,500 per ounce mark for the first time on January 29, reaching an all-time high of $5,584 in the international market, before settling around $5,519, reflecting a 4.06 percent increase from the previous close. This surge was driven by the US Federal Reserve’s decision to maintain interest rates unchanged amidst ongoing geopolitical…
December 2025 saw a 7.8% increase in the Index of Industrial Production (IIP), the fastest rate in more than two years. According to the Quick Estimate, the IIP growth rate for November 2025 was 6.7%. “After registering a high growth of 7.2%(RE) in November 2025, industry momentum further strengthened in December 2025 as the Index…
A long-awaited free trade agreement between India and the EU has been finalized. This agreement covers economies that account for one-third of global commerce and almost 25% of the world’s GDP. As the two biggest democracies in the world look to protect themselves from erratic relations with the US, the agreement will deepen their political…
