SBI Projects 8% Q1 FY27 GDP Growth and Up to $85 Billion in Foreign-Currency Inflows
Economy

SBI Projects 8% Q1 FY27 GDP Growth and Up to $85 Billion in Foreign-Currency Inflows

The bank's economics team says the Indian economy is holding up on 19.3% credit growth, a rebound in FII flows and a sho...

Niamh O'Sullivan 👁 58 💬 0
India's Capital Comeback Rests on Debt, FCNR Deposits and a Current Account Surplus
Economy

India's Capital Comeback Rests on Debt, FCNR Deposits and a Current Account Surplus

A June FCNR(B) swap window and record debt inflows are outweighing persistent equity outflows, giving the RBI a rare ext...

Niamh O'Sullivan 👁 65 💬 0
From a Hidden Shoe to the RBI Vault: The Strange Century-Long Journey of the Jacob Diamond
News

From a Hidden Shoe to the RBI Vault: The Strange Century-Long Journey of the Jacob Diamond

How a 184.75-carat Golconda diamond went from a disputed sale to the Nizam, a palace shoe, a paperweight and finally a R...

👁 50 💬 0
UPI's Rs 20,700 Crore Cost Burden Pushes India Toward Merchant-Only MDR
Companies

UPI's Rs 20,700 Crore Cost Burden Pushes India Toward Merchant-Only MDR

A parliamentary panel says government incentives cover only 11% of UPI industry costs; amended law now permits threshold...

Declan Byrne 👁 36 💬 0
Payments Council of India warns sustained investment needed to run UPI, backs merchant fees on large merchants
Companies

Payments Council of India warns sustained investment needed to run UPI, backs merchant fees on large merchants

The industry body says small merchants and consumers will be shielded from charges, but large merchants may need to pay ...

Declan Byrne 👁 33 💬 0
RBI Keeps Repo Rate Unchanged at 5.25%, Neutral Stance in August Review
Economy

RBI Keeps Repo Rate Unchanged at 5.25%, Neutral Stance in August Review

India's central bank holds rates for the fifth consecutive meeting as inflation breaches the 4% target for the first tim...

Niamh O'Sullivan 👁 37 💬 0
India Bonds Post First Monthly Loss in Four Months as Oil, US Yields Bite
Markets

India Bonds Post First Monthly Loss in Four Months as Oil, US Yields Bite

Indian government bonds ended July with their first monthly loss in four months as a 22% jump in crude and higher US Tre...

Yael Ben-David 👁 39 💬 0
RBI Set to Hold Rates Steady as Brent Retreats, Fed Stays Put
Economy

RBI Set to Hold Rates Steady as Brent Retreats, Fed Stays Put

All 16 economists and treasurers polled expect no change in the August policy review. A sharp drop in crude prices and a...

Niamh O'Sullivan 👁 28 💬 0
RBI Capital Inflows Hit $20.7 Billion, Yet Rupee Pressure Persists
Economy

RBI Capital Inflows Hit $20.7 Billion, Yet Rupee Pressure Persists

Despite attracting $20.7 billion through special deposit and borrowing windows, India's rupee remains near record lows a...

Niamh O'Sullivan 👁 40 💬 0
Rupee Rebounds to 95.76 on RBI Intervention and Crude Dip, Markets Eye Fed
Markets

Rupee Rebounds to 95.76 on RBI Intervention and Crude Dip, Markets Eye Fed

The Indian rupee opened at a two-week high of 95.76 against the dollar as RBI selling and falling oil prices triggered s...

Yael Ben-David 👁 35 💬 0
India’s 10-Year Yield Dips to 6.76% as Crude Slide and Fed Meeting Shape Sentiment
Markets

India’s 10-Year Yield Dips to 6.76% as Crude Slide and Fed Meeting Shape Sentiment

Lower Brent crude and anticipation of a steady US Federal Reserve rate decision pushed the benchmark yield to 6.7571% on...

Yael Ben-David 👁 32 💬 0
SBI ERD Ups FCNR(B) Inflow Forecast to $70 Billion, Warns Rupee No Longer a Shock Absorber
Economy

SBI ERD Ups FCNR(B) Inflow Forecast to $70 Billion, Warns Rupee No Longer a Shock Absorber

India's largest lender raises its estimate for foreign currency deposits under an RBI scheme to $65-70 billion, but its ...

Niamh O'Sullivan 👁 36 💬 0