SBI Research Sees $50 Billion Balance-of-Payments Surplus for FY27 as Inflows Surge
Economy

SBI Research Sees $50 Billion Balance-of-Payments Surplus for FY27 as Inflows Surge

The bank expects another $25–30 billion in FCNR(B) inflows this month, taking total collections to around $85 billion an...

Niamh O'Sullivan 👁 72 💬 0
Smaller Cities Now Generate Most of India's Foreign Exchange Demand
Economy

Smaller Cities Now Generate Most of India's Foreign Exchange Demand

A Thomas Cook India report shows tier-2 and tier-3 cities account for 53% of forex demand, with leisure travel at 57% of...

Niamh O'Sullivan 👁 71 💬 0
Nifty Closes Range-Bound at 24,583; Crude and Rupee Keep Traders on Edge
Markets

Nifty Closes Range-Bound at 24,583; Crude and Rupee Keep Traders on Edge

A late auction recovery lifted Nifty 13 points to 24,583, but elevated crude and a weaker rupee cap upside. Technical an...

Yael Ben-David 👁 41 💬 0
Sensex Falls 388 Pts, Nifty Breaks Below 24,500; Zydus Life, Bosch Rise on Q1
Markets

Sensex Falls 388 Pts, Nifty Breaks Below 24,500; Zydus Life, Bosch Rise on Q1

Indian equity benchmarks ended lower on Tuesday with Nifty slipping below 24,500. The rupee weakened to 95.44 against th...

Yael Ben-David 👁 38 💬 0
Sensex, Nifty End Flat as Early Gains Fade; Gold Slides Sharply
Markets

Sensex, Nifty End Flat as Early Gains Fade; Gold Slides Sharply

Indian equities ended little changed on Wednesday, with the Sensex up 0.09% and Nifty down 0.12%. Gold prices tumbled ₹4...

Yael Ben-David 👁 33 💬 0
Hawkish Fed, tariff shock weigh on Indian stocks as rupee and foreign flows face fresh pressure
Markets

Hawkish Fed, tariff shock weigh on Indian stocks as rupee and foreign flows face fresh pressure

A hawkish Federal Reserve hold, three dissenting votes for a hike, and new US tariffs on 60 countries are creating a tou...

Yael Ben-David 👁 38 💬 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
Indian Markets Rebound Sharply as Sensex Soars 776 Points, Nifty Approaches 24,000
Markets

Indian Markets Rebound Sharply as Sensex Soars 776 Points, Nifty Approaches 24,000

Indian equities snapped a five-day losing streak on Monday, driven by easing geopolitical tensions and softer crude oil ...

Yael Ben-David 👁 44 💬 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