Traders indicated that the RBI is believed to have sold between $3 billion and $5 billion in both spot and non-deliverable forward markets on Wednesday to support the rupee, marking its most extensive intervention in several months. Estimates were provided by seven traders from various private, public, and foreign banks, with two of them citing…
India’s wholesale price inflation decreased to 0.13% in September, down from 0.52% in August, as food prices continued to decline, according to data released by the government on Tuesday. The Wholesale Price Index (WPI) inflation in September of the previous year was recorded at 1.91%.Retail inflation dropped to its lowest level in eight years at…
Google is set to invest $15 billion in establishing an artificial intelligence hub in Visakhapatnam, Andhra Pradesh, making it the largest such investment outside of the United States. “This will be the largest AI hub we are creating anywhere globally outside the US,” stated Thomas Kurian, CEO of Google Cloud, during an event in New…
Due to the increased demand from investors, silver prices in India are significantly higher than those in other countries. In the Indian marketplaces, physical silver is severely lacking. The price distortion is one of the most revealing trends in the silver market. The demand is distorting both the spot and future prices of actual silver,…
Amid a global risk-off mood, the rupee tracked the broad strength of the US currency and sank 5 paise to 88.77 against the dollar in early Monday’s trading. The rupee is hovering close to its all-time closing low level, according to forex dealers, as the RBI keeps an eye on the dollar-rupee pair’s decline towards…
According to figures published by the Ministry of Statistics and Program Implementation (MoSPI), retail inflation in India fell precipitously to 1.54% in September 2025, the lowest level since June 2017. Price pressures for consumers are lessened by the dip, which is indicative of a general drop in food prices across all categories. The September inflation…
There have been two record highs for silver, one with dubious causes and the other with more valid ones. The price of one ounce of silver hit a record high of $49.95 on January 17, 1980. But it was made possible by a questionable deal between two people to corner the market and raise demand….
Following a three-day meeting, the RBI Monetary Policy Committee (MPC) retained the 5.5% repo rate. It’s not the main news, though. The central bank has announced important steps to fortify the banking industry. The FY26 GDP forecasts have also been increased to 6.8%. Additionally, for FY26, the Reserve Bank of India forecasted CPI inflation at…
Premier Energies, a domestic company, claimed on Monday that it has secured several solar contracts with the Republic of Benin, West Africa, valued at USD 19.95 million (about Rs 177 crore). According to a statement from Premier Energies, these initiatives are a part of a nationwide initiative by the Government of Benin to increase access…
In the face of a declining dollar and anticipation of rate cuts by the US Federal Reserve, the prices of gold and silver rose to new highs in the domestic futures market on Monday, following strong global indications. A new high of Rs 1,15,939 per 10 grammes was reached by the December gold contract on…
