Due to declining risk appetite, dwindling hopes for a Federal Reserve rate decrease, and uncertainty around a US-India trade agreement, the Indian rupee fell to a record low against the dollar on Friday. The rupee fell from its previous all-time low of 88.80, which was reached in late September and earlier this month, to 89.48….
According to a State Bank of India report, the Reserve Bank of India’s holdings in outstanding government securities (G-Secs) climbed from 11.9 percent in June 2024 to 14.2 percent in June 2025. “RBI’s share in outstanding government securities has increased to 14.2 percent in June 2025 from 11.9 percent in June 2024,” stated the study….
Retail inflation figures for October have reached their lowest levels ever. The October print came in at 0.3% due to food inflation dropping to -3.7% from -1.4% YoY in September and GST reductions in apparel, transportation, and healthcare easing core inflation outside of commodities. Although this near-zero figure appears optimistic on the surface, what does…
The presence of state-run banks curbed weakening in the local currency. Still, consistent interbank dollar bids dampened positive signals from increased risk appetite worldwide, causing the Indian rupee to move in a narrow band on Monday. The rupee was almost steady from its finish of 88.66 in the previous session, closing at 88.6750 against the…
The Reserve Bank of India announced on Friday that for the week ending October 31, India’s foreign exchange reserves fell $5.623 billion to $689.733 billion. To $695.355 billion, the total reserves had decreased by $6.925 billion. Foreign currency assets, a significant portion of reserves, fell by $1.957 billion to $564.591 billion for the week ending…
The RBI announced on Friday that as the value of gold reserves continued to rise, India’s foreign exchange reserves increased by $4.496 billion to $702.28 billion for the week ending October 17. During the last reporting week, the total reserves increased by $2.176 billion to $697.784 billion. Foreign currency assets, a significant part of the…
According to market statistics from BigMint, domestic steel prices have fallen to a five-year low, trading between Rs 47,000 and Rs 48,000 per tonne, due to a number of factors, including rising imports. In the wholesale market, rebar (TMT) is quoted between Rs 46,500 and Rs 47,000 per tonne, while hot rolled coil (HRC) is…
The Reserve Bank added 0.2 metric tons of gold holdings in the final week of September, bringing its total reserves to over 880 metric tonnes in the first half of 2025–2026. The most recent statistics from the RBI shows that as of September 26, 2025, the total value of the gold was USD 95 billion….
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…
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…
