The Indian rupee experienced a sharp rally, surging nearly 1% against the US dollar on Tuesday, its most significant rise in over two years. At 12:30 PM, the USD/INR spot rate was 86.88, trading 0.68% lower. The surge, which took the rupee back above the 87 mark for the first time since January 31, was …
On Monday, February 10, 2025, the Reserve Bank of India (RBI) announced it will double the size of its open market operation (OMO) purchase to ₹40,000 crore on February 13, up from the previously planned ₹20,000 crore. The move aims to ease the ongoing liquidity deficit in the banking system. “Based on a review of …
The Budget Session of Parliament resumed on Monday, 10 February 2025, and one of the most anticipated developments is the tabling of the new Income Tax Bill. Cleared by the Union Cabinet last week as per reports, the bill is expected to be introduced in the Lok Sabha soon. Even if it is not presented …
Odisha Chief Minister Mohan Charan Majhi disbursed ₹5,000 each to over 18 lakh women as part of the fourth phase of the Subhadra Yojana. The event took place in the Jajpur district, and a total of ₹900 crore was transferred directly to beneficiaries’ bank accounts through the Direct Benefit Transfer (DBT) system. Nearly 1 Crore …
The Indian rupee fell by 45 paise, reaching a record low of 87.95 against the US dollar in early trading on Monday, February 10, 2025. This was largely due to the strength of the US dollar in the global market and a negative trend in domestic equities. At the interbank foreign exchange market, the rupee …
Kerala’s Finance Minister K.N. Balagopal presented the state budget for 2025-26, in the State Legislative Assembly on Friday, February 7, 2025, which includes plans for infrastructure development like metro projects, high-speed rail corridors, tourism initiatives, and significant welfare investments. The budget emphasises Metro rail projects in Kochi, Kozhikode, and Thiruvananthapuram, high-speed rail corridors, the ‘K-Homes’ …
The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points (bps), bringing it down from 6.5% to 6.25%. This move, announced on Friday (February 7, 2025), is likely to make loans, including home and auto loans, more affordable. Borrowers with loans linked to the repo rate are expected to benefit, …
The Indian Navy has made remarkable strides in embracing the spirit of ‘Aatmanirbharta’ (self-reliance), transitioning from a Buyer’s Navy to a Builder’s Navy. Over 60 warships are currently being constructed in Indian shipyards, highlighting its commitment to indigenisation. Naval Aviation, an integral part of the Navy, is steadfast in its efforts to achieve self-reliance. As …
Indian government bond yields saw a rise on Monday morning as investors stayed cautious after the Reserve Bank of India (RBI) made its monetary policy decision. The benchmark 10-year bond yield was recorded at 6.7284%, slightly up from the previous close of 6.7043%. Weak Rupee and U.S. Trade Fears Impact Sentiment The Indian rupee hit …
The Union Budget 2025 has introduced several tax changes that will impact investors, taxpayers, and senior citizens. Here’s a simplified breakdown of the key updates: ULIP Taxation Changes The government has clarified that if the annual premium for Unit Linked Insurance Plans (ULIPs) exceeds ₹2.5 lakh, the redemption amount will be subject to capital gains …
