The Reserve Bank of India (RBI) has extended the deadline for the implementation of a new penal charges regime by three months from 1 January 2024 to 1 April 2024. This extension applies to new loans, while existing loans must be switched to the new penal regime by 30 June 2024. It is important to […]
The Indian rupee ended slightly stronger on Thursday, aided by dollar inflows, even as most of its Asian peers were on the back foot as investors moderated their expectations of early US rate cuts this year. The rupee ended at 83.23 against the US dollar, higher by 0.05 per cent compared with its close at […]
Gold prices witnessed a steady outlook on Tuesday. The cost of 24-carat gold is Rs.6364.0 per gm. The cost of 22-carat gold is Rs.5835.0 per gm. The price change in 24-carat gold in the last week has been -0.96 per cent, whereas, in the previous month, it was -1.48 per cent. The cost of silver […]
An Engineering Export Promotion Council of India (EEPC) report revealed that India’s engineering goods exports experienced a 3 per cent year-on-year (YoY) dip in November, totaling USD 7.85 billion. The setback was primarily attributed to disruptions caused by the festive season, impacting operations in major engineering export belts across the country, particularly in the northern […]
The price of 24-carat gold saw a modest increase of Rs 110, reaching Rs 63,000 for ten grams, according to reports from the GoodReturns website. Meanwhile, the cost of silver also witnessed an uptick, climbing by Rs 1,000, with one kilogram now selling at Rs 78,500. For 22-carat gold, the rise was Rs 100, setting […]
In early Asian trade on Friday, oil prices surged, poised to achieve their first weekly gain in two months, fueled by a positive outlook on oil demand from the International Energy Agency (IEA) for the coming year and a decline in the value of the dollar. According to Reuters, Brent futures experienced a 9-cent increase, […]
Wholesale inflation in India, based on the Wholesale Price Index, is back in positive territory after staying in the negative zone for the seventh straight month until October. Data released by the Ministry of Commerce and Industry on Thursday afternoon showed India’s wholesale inflation in November stood at 0.26 per cent. In October, it was […]
India’s GDP growth rate is anticipated to ascend to 7 per cent by 2026, outpacing China’s projected growth of 4.6 per cent, according to a report from S&P Global Ratings titled ‘China Slows India Grows. ‘The report foresees a shift in the growth engine of the Asia-Pacific region from China to South and Southeast Asia. […]
Gold prices rose to an over two-week high on Tuesday, as the US dollar dipped on expectations that the Federal Reserve is done hiking interest rates, while investors awaited minutes from the central bank’s latest meeting for further policy cues. Spot gold climbed 0.5 per cent to USD 1,987.79 per ounce, as of 12:15 GMT, […]
India’s retail inflation eased to 5.02 per cent from 6.83 per cent in September which is a three-month low banking on sliding vegetable prices but remained above 4 per cent, a target aimed by the Reserve Bank of India (RBI). It is likely that RBI would like to get comfortable with inflation before easing rates. […]
