Sell $100 million every minute: Inside India’s Rupee defense

Sell $100 million every minute: Inside India’s Rupee defense

RBI turns to unpredictable interventions as rupee slides The Reserve Bank of India has adopted a hard-to-predict approach to managing the rupee as the currency weakens to record lows. The move is part of a more active, high-stakes effort to stabilise the exchange rate without signaling a fixed path to the market. Why unpredictability? Keeping … Read more

Gold prices may stay positive as traders await Fed’s decision: Analysts

Gold prices may stay positive as traders await Fed's decision: Analysts

Gold futures post weekly gain on MCX Gold futures on the Multi Commodity Exchange (MCX) climbed by ₹958, or about 0.74%, over the week, notably outperforming global prices. The domestic contract’s stronger move highlights local factors shaping bullion demand beyond international trends. Weekly performance highlights MCX gold futures advanced ₹958 on the week, a 0.74% … Read more

Rupee: RBI’s effort has always been to reduce any abnormal or excessive volatility, says Guv Malhotra

Rupee: RBI’s effort has always been to reduce any abnormal or excessive volatility, says Guv Malhotra

Healthy services exports and remittances likely to keep CAD modest in 2025-26 Malhotra noted that a strong performance in services exports, together with robust remittance inflows, should help keep the current account deficit (CAD) modest during 2025-26. This combination can provide a stabilising cushion for the balance of payments as the economy navigates external pressures. … Read more

Gem & Jewellery show begins at Kochi; global buyers signal new growth wave

Gem & Jewellery show begins at Kochi; global buyers signal new growth wave

The three-day expo, widely regarded as one of South India’s premier sourcing platforms, recently drew a strong turnout with 183 exhibitors from across India. The event served as a concentrated marketplace for buyers, wholesalers and trade professionals looking to discover new products, negotiate deals and build partnerships. What made the expo stand out Wide exhibitor … Read more

Stock markets rally as RBI cuts interest rate; Sensex jumps 447 points

Stock markets rally as RBI cuts interest rate; Sensex jumps 447 points

The 30-share BSE Sensex climbed for the second straight session, closing higher after a brisk intraday rise. The index gained 447.05 points, or 0.52%, to finish at 85,712.37, after touching an intraday high of 85,796.72 — up 531.4 points or 0.62% at one point during the day. Market snapshot Closing level: 85,712.37 Daily gain: 447.05 … Read more