RUPEE DEPRECIATION
No major economic impact of Iran-Israel conflict, but vigil up: India official
The Israel-Iran conflict's economic impact on India is under watch. Officials believe major impact is unlikely unless the conflict escalates. Short-term volatility in oil prices, capital flows, and shipping is possible. India's strong macroeconomic position should help it weather the crisis. Indian stocks fell, and the rupee depreciated amid investor concerns. Oil prices initially spiked but later stabilized.
Iran-Israel Conflict: A Middle East flashpoint that Indian economy can’t ignore
Israel-Iran Conflict: India's economy faces challenges in 2025. The Israel-Iran war has pushed global crude oil prices higher. This threatens the rupee and could raise inflation. India, a major crude oil importer, is highly vulnerable to rising oil prices -- it could widen the current account deficit. The Reserve Bank of India may postpone rate cuts. The government might consider cutting excise duties on fuel.
India's forex reserves rise to $696.66 billion, up $5.17 billion as of June 6
India's foreign exchange reserves saw a boost, climbing by $5.17 billion to reach $696.66 billion for the week ending June 6, according to RBI data released on Friday. This increase follows a previous dip of $1.2 billion, bringing the reserves down from near-eight-month highs at $691.5 billion on May 30.
Gold futures breach Rs 1 lakh mark, hit all-time high
Indian gold futures surged past 100,000 rupees per 10 grams for the first time on Friday, fueled by a weak rupee and positive global cues. The 2% jump to a record 100,403 rupees is impacting demand in India, the world's second-largest gold consumer.
Rupee ends nearly flat tracking subdued Asia FX; US-China talks in focus
On Monday, the Indian rupee saw a slight increase, mirroring the subdued movements of other Asian currencies, even as the dollar weakened ahead of U.S.-China trade talks in London. Dollar-rupee forward premiums declined to multi-month lows, potentially making the rupee vulnerable to depreciation.
Overseas luxury real estate: Here’s why it is catching the eyes of HNIs
Overseas luxury real estate is a high-involvement play. It demands due diligence, regulatory awareness, and trusted local partnerships. Done right, a home abroad can be more than a financial asset. It becomes a gateway to global living, future-proofing one’s wealth, and passing on a legacy with international roots.
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India's forex reserves dip to $691.5 bn as of May 30
India’s foreign exchange reserves stood at $691.5 billion as of May 30, down $1.2 billion from the previous week and $13.4 billion below the September 2024 peak. RBI Governor Sanjay Malhotra said the reserves can cover over 11 months of imports
Auto ancillary stocks shift into top gear but caution lights flash
Auto ancillary stocks rallied sharply amid broader market gains, but analysts urge caution as demand weakens, margins shrink, and global uncertainties loom. FY26 may see modest earnings growth amid input cost pressure and valuation normalization.
Rupee slips on equity outflows, offshore positioning ahead of RBI policy
The Indian rupee briefly weakened to 86.02/$1 on Wednesday before recovering to close at 85.90, pressured by equity outflows and offshore NDF unwinding ahead of the RBI’s policy review. Dollar demand from foreign banks and oil firms added to the pressure. Despite RBI's likely intervention, the rupee has fallen 1.5% since last Monday, making it Asia’s worst-performing currency.
GIFT Nifty up 10 points; here's the trading setup for today's session
Indian equities closed higher, buoyed by positive global cues, though analysts anticipate continued market consolidation influenced by global and macroeconomic factors. The India VIX decreased, signaling reduced market fear. Foreign portfolio investors were net sellers, while domestic institutional investors were net buyers, and the rupee weakened against the US dollar.
Rupee weakens to 86.02 amid equity outflows and Central Bank review
The Indian rupee weakened to 86.02 against the dollar on Wednesday, eventually settling at 85.90, influenced by equity outflows and NDF position adjustments before the RBI's policy review. Dollar demand from foreign banks and oil firms further pressured the rupee, which has declined 1.5% since last Monday. Shrinking interest rate differentials and tariff uncertainties also contributed to the rupee's depreciation.
Rupee falls 25 paise to 85.86 against US dollar in early trade
The rupee weakened to 85.86 against the US dollar due to foreign fund outflows, despite positive domestic equities and lower crude oil prices. The decline was limited by a weak dollar index. The RBI's MPC began deliberations, anticipating a repo rate cut. FIIs were net sellers in the equity market.
GIFT Nifty up 60 points; here's the trading setup for today's session
Indian stock markets experienced volatility. Geopolitical tensions impacted trading. Nifty initially fell but recovered to close near previous levels. Market consolidation is expected due to global uncertainty. Strong domestic factors and potential rate cuts may limit further declines. Foreign investors sold shares, while domestic institutions bought. The Indian Rupee weakened against the US dollar.
Rupee declines 10 paise to 85.49 against US dollar in early trade
The rupee weakened to 85.49 against the US dollar due to a stronger American currency, rising crude oil prices, and foreign fund outflows. Domestic equities were volatile ahead of the RBI's monetary policy announcement. India's manufacturing sector growth slowed in May, while the economy expanded strongly in the last quarter.
Rs 15 lakh crore in net profit! India Inc’s top 500 cos break records in FY25 despite downgrades
India's top 500 companies achieved a record-breaking ₹15 lakh crore in net profit in FY25, driven by strong performances in agriculture, chemicals, and telecom, despite widespread earnings downgrades. While FY26 earnings forecasts have been revised downward, analysts remain optimistic about sectors like defence and telecom, anticipating continued growth and resilience in the face of economic uncertainties.
Higher risk buffers by RBI strengthen its balance sheet, support India's macroeconomic outlook: ICICI Bank Report
ICICI Bank reports that the RBI's decision to maintain higher risk buffers will strengthen its balance sheet and support India's macroeconomic fundamentals, especially with benign global oil prices. The RBI's balance sheet grew by 8.2% in FY25, driven by domestic securities and gold holdings, which surged by 52%.
ETMarkets Smart Talk: India’s market cap could hit $10 trillion by 2030, says ArthAlpha’s Rohit Beri
Rohit Beri of ArthAlpha Investment Advisors presents a bullish outlook on Indian equities, projecting a $10 trillion market capitalization by 2030. He advises investors to remain cautious amid current market volatility, focusing on sectors like capital goods, infrastructure, and renewables for long-term growth. For high-net-worth individuals, he recommends a strategy balancing capital preservation, growth, and tactical agility.
A $73 billion short book is putting pressure on rupee
The Indian rupee is underperforming among emerging Asian currencies due to the Reserve Bank of India's (RBI) strategy to bolster its foreign-exchange reserves. The RBI's dollar purchases to cover future obligations and replenish reserves are expected to exert downward pressure on the rupee, potentially leading to a depreciation to 86.50-87.50 per dollar by year-end.
Where should NRIs invest—in India or abroad? These 5 principles will help you get your wealth creation on right path
NRIs face a complex decision when it comes to choosing between investing in India, driven by emotional ties and growth potential, or in their country of residence, offering stability and familiarity. A balanced, globally diversified portfolio is key, aligning with personal goals and mitigating risks like currency depreciation. Strategic planning, compliance, and professional advice are crucial for long-term wealth creation and preservation.
NRIs to pay lower LTCG tax on these equity shares due to proposed forex fluctuation benefit in New Income Tax Bill 2025
The New Income Tax Bill, 2025 introduces a 'forex fluctuation benefit' that allows NRIs (excluding FIIs) to potentially pay lower long-term capital gains tax on unlisted equity shares. This provision addresses the issue of NRIs being taxed on artificially inflated income due to rupee depreciation. Read more to know how this helps.
Rupee declines 7 paise to 85.45 against US dollar in early trade
The rupee weakened to 85.45 against the US dollar due to a stronger American currency following a court decision on tariffs and rising crude oil prices. Disappointing industrial output data also contributed to the rupee's decline. However, foreign fund inflows and positive domestic equity market trends limited the fall, with the Sensex and Nifty both showing gains.
China assures Pak USD 3.7 billion loan to keep foreign exchange reserves in double digits
China has assured Pakistan it will re-lend USD 3.7 billion in Chinese currency before the end of June, bolstering Pakistan's foreign exchange reserves. This move is part of China's broader strategy to reduce reliance on the US dollar in international finance. The refinancing is crucial for Pakistan to maintain its reserves above USD 10 billion and meet IMF targets.
Rupee depreciates 23 paise to 85.63 against US dollar in early trade
The rupee fell 23 paise to 85.63 against the US dollar in early trade on Wednesday, dragged down by strengthening American currency and an uptrend in crude oil prices.
GIFT Nifty down 10 points; here's the trading setup for today's session
Equity markets experienced a downturn on Tuesday, with the Nifty dropping 0.7% due to global uncertainties, trade tension concerns, and rising US debt anxieties. Analysts anticipate continued market volatility in the near future, closely monitoring global events, trade negotiations, and remaining corporate earnings reports. The rupee depreciated, settling at 85.40 against the US dollar.
Commodity Radar: Gold consolidates amid an upward bias. 5 technical insights before making a trade
Gold prices dipped amid easing US-EU tariff tensions, but technical indicators suggest an upward bias. Key support lies at Rs 95,200 with resistance near Rs 96,700. Analysts advise a buy-on-dips strategy as volatility compresses, awaiting cues from US macro data and Fed Chair Powell’s speech. Domestic rupee movement and geopolitical developments may keep MCX gold resilient.
NRI deposit inflows at an 11-year high in FY25 as rates entice
NRI deposits in Indian banks surged to an 11-year high in FY25, reaching $16.2 billion, driven by attractive interest rates and rupee depreciation. Dollar deposits (FCNR(B)) saw significant inflows, with NRIs earning higher returns compared to their home countries. Rupee deposits (NRE(RA)) also increased, reflecting the benefits of currency fluctuations.
GIFT Nifty up 40 points; here's the trading setup for today's session
Indian equity markets declined on Thursday, influenced by negative cues from the US market. Despite this, optimism surrounding US-India trade and strong domestic economic factors are expected to keep the market within a certain range. The rupee weakened, and FIIs increased their net short positions in the futures market.
Rupee falls 9 paise to 85.67 against US dollar in early trade
The Indian Rupee weakened against the US dollar in early trading. Rising US Treasury yields and foreign fund outflows pressured the market. Global crude oil prices added to the downward pressure. Oil companies bought dollars amid geopolitical concerns. Foreign Institutional Investors were net sellers of equities. Meanwhile, Brent crude prices increased due to potential supply concerns in the Middle East.
GIFT Nifty up 25 points; here's the trading setup for today's session
Indian stock markets faced selling pressure on Tuesday after consolidation. Analysts foresee range-bound movement, influenced by global cues like US trade talks. Nifty's key levels are 24,700 and 24,300. India VIX rose slightly. RBL Bank and Manappuram are under F&O ban. Foreign investors net sold, while domestic institutions bought. The rupee weakened against the US dollar.
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