The Finance Minister is all set to present the Union Budget 2025 on Saturday, February 1, 2025, and the Indian stock market will remain operational like a normal trading day. The market and various sectors are anticipating significant announcements in the upcoming budget. Expectations include tax reforms, housing benefits, enhancements to the healthcare sector, and …
The Indian rupee falls to an all-time low of 86.65 per dollar due to fears over US tariffs. As per news reports, while the RBI intervenes, concerns over foreign outflows and the upcoming federal budget add pressure. Asian Currencies Decline The dollar’s strengthening further pressured Asian currencies, including the rupee. Trump’s statements on imposing tariffs …
On January 29, 2025, the Cabinet Committee on Economic Affairs (CCEA), has given its approval to revise the ethanol procurement prices for public sector oil marketing companies (OMCs) for the ethanol supply year (ESY) 2024-25. This revision is part of the Ethanol Blended Petrol (EBP) programme, which runs from November 1, 2024, to October 31, …
The Indian government has approved the National Critical Mineral Mission (NCMM) with an allocation of ₹16,300 crore, alongside an expected investment of ₹18,000 crore from public sector enterprises. The mission aims to achieve self-reliance in critical minerals and accelerate the country’s green energy transition. These minerals are essential for clean energy technologies, including electric vehicles, …
On January 30, 2025, the Indian rupee traded at 86.58 to the U.S. dollar, reaching an intra-day high of 86.72. This movement came after the U.S. Federal Reserve expectedly kept interest rates unchanged. Federal Reserve Chair Jerome Powell stated that there would be no rush to cut rates again, influencing market sentiment. The 1-month non-deliverable …
The Indian rupee weakened by 26 paise to 86.60 against the US dollar in early trade on Wednesday, as global risk appetite took a hit following renewed concerns over trade tariffs under U.S. President Donald Trump. The broader risk-off sentiment, coupled with a decline in Asian currencies, contributed to the rupee’s depreciation. Global Market Pressures …
The Reserve Bank of India (RBI) announced its fourth bi-monthly monetary policy for FY25 today, October 9, 2024. After a 3-day meeting, the six-member Monetary Policy Committee (MPC), led by RBI Governor Shaktikanta Das, decided to keep the repo rate unchanged at 6.5%. This marks the tenth consecutive meeting where no changes were made to …
Over the past decade, India has experienced rapid digitalisation, positioning itself as a global leader in the digital economy. Understanding the role of digitalisation in driving economic growth, employment, and sustainable development is crucial for both policymakers and the private sector. According to the State of India’s Digital Economy Report 2024, India ranks as the …
On January 24, 2025, the Indian rupee opened at 86.32 and fluctuated between a high of 86.30 and a low of 86.52 during the session, pressured by the strengthening American currency and a continued outflow of foreign funds Dollar Index Trades Lower The dollar index, which measures the greenback’s strength against a basket of six …
Reserve Bank of India (RBI) Governor Sanjay Malhotra expressed concerns about the increasing number of digital fraud cases. During his first meeting with the managing directors and CEOs of public and private sector banks after assuming office, he stressed the importance of building robust and proactive systems to combat such threats. Strengthening Oversight and Customer …
