Economy News

Govt eases rules to enable export payments in rupees

The move makes rupee-denominated export receipts eligible for Foreign Trade Policy benefits and export obligation fulfilment. The policy is also aimed at reducing currency conversion costs and exchange-rate risks while promoting wider international use of the rupee.

28 days ago

SBI Revises Basic Savings Account Rules From October 1, Branch Withdrawals Beyond Four To Cost ₹15 Plus GST

SBI will allow four free branch cash withdrawals monthly from basic savings accounts. Additional withdrawals will cost Rs 15 per transaction plus GST from October 1.

29 days ago

India's cash in circulation rises despite surge in digital payments: RBI Deputy Governor

RBI Deputy Governor Shirish Chandra Murmu said. India currently has 176 billion banknotes in circulation, while the RBI produces 28-30 billion notes annually. The central bank is also exploring measures such as surface coatings and polymer notes to increase the durability of currency and reduce the environmental impact of the cash cycle.

Aug 18, 2026

Gold, silver prices fall as investors weigh Fed rate outlook, rising oil and US-Iran tensions

Gold was trading at Rs 1,55,470, down 0.30 per cent, while silver declined 0.96 per cent to Rs 2,35,763. Markets are now pricing in a higher chance of the US Federal Reserve keeping rates unchanged in September after weaker economic data.

Aug 18, 2026

Axis Bank Credit Card Rules Change From August 28, Higher Currency Fee & New Reward Limits Ahead

Axis Bank will revise credit card rules from August 28, raising the DCC fee to 3.5 percent and limiting rewards on gift cards, road fees, bridges and toll payments.

Aug 18, 2026

RBI seeks NBFC feedback on revolving credit rules, stresses compliance and risk controls

The central bank urged lenders to identify risks linked to new products and technology-driven business models early, strengthen grievance redressal and comply with digital lending rules and the Digital Personal Data Protection Act. I

Aug 17, 2026

Sensex, Nifty Open Lower as US-Iran War Uncertainty Keeps Crude Prices Elevated; Nifty Falls 22 Points, Sensex Drops Over 100 Points

Sensex, Nifty Open Lower as US-Iran War Uncertainty;Nifty Falls 22 Points, Sensex Drops Over 100 Points

The Nifty 50 fell 0.09 per cent to 24,343.45, while the Sensex declined over 100 points to 77,892.92. Financial services, PSU banks and FMCG stocks led the decline, while chemicals and healthcare gained.

Aug 17, 2026

Gold Surges Towards ₹1.53 Lakh, Silver Hits ₹2.35 Lakh On MCX As Festive Demand, Global Cues Lift Prices

Gold posts 0.86 pc weekly gain amid expectations US Fed may hold rates

Gold prices rose 0.86 per cent weekly as weaker-than-expected US economic data strengthened expectations that the US Federal Reserve may keep interest rates unchanged. MCX gold futures gained 0.73 per cent on Friday to Rs 1,54,590, while silver rose 0.15 per cent to Rs 2,36,272 per kg.

Aug 15, 2026

India's forex reserves climb nearly $1 billion to $672.5 billion

India's forex reserves surge $14.1 billion to cross $707 billion mark

India's foreign exchange reserves surged by $14.136 billion during the week ended August 7, crossing the $707 billion mark, according to RBI data. The increase was mainly driven by a $9.946 billion rise in foreign currency assets to $574.625 billion and a $3.995 billion increase in gold reserves to $108.738 billion

Aug 14, 2026

Gold prices fall as RBI approves premature SGB redemption at over four-fold issue price

The SGB, issued on August 14, 2019, can be redeemed prematurely from August 14, 2026, after completing seven years. The redemption price represents an absolute gain of Rs 11,861 per unit, or around 343.9 per cent, excluding the interest earned during the holding period.

Aug 14, 2026

Sensex falls 332 points, Nifty slips 84 points in morning trade

Sensex hit an intraday low of 77,747, down 332 points or 0.42 per cent in morning trade, while Nifty traded 84.39 points or 0.34 per cent lower at 24,311.45.

Aug 14, 2026

Inflation burden eases further for India's farm, rural workers in September

India Retail Inflation Rises To 4.45% In July As Food Prices Stay Elevated

India's retail inflation increased to 4.45% in July, marking the fourth consecutive monthly rise, driven mainly by higher food prices. Food inflation climbed to 5.52%, with rural areas witnessing stronger price pressures. Prices of spices, vegetables and precious metals remained elevated, while some vegetable items provided limited relief

Aug 12, 2026

No fee on UPI transactions, Sitharaman clarifies; government to hold PSB Confluence on August 17-18

MDR would apply only to select high-value merchant transactions above a specified threshold. Meanwhile, the government will organise the PSB Confluence on August 17-18 to discuss strategies for affordable credit, investment, priority sector lending, youth-focused banking and other areas of inclusive economic development.

Aug 11, 2026

Sensex, Nifty Open Marginally Lower at 78,510 and 24,575

Sensex opened 32.67 points or 0.04 per cent lower at 78,509.77, while Nifty started the session declining 8.70 points or 0.04 per cent at 24,575.10.

Aug 11, 2026

Govt collects Rs 10,463 crore in customs duty from gold, silver, platinum imports after duty hike

In a written reply to a question in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said customs duty collections during the period stood at Rs 10,040 crore on gold, Rs 328 crore on silver and Rs 95 crore on platinum.

Aug 10, 2026

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Economy News

Govt eases rules to enable export payments in rupees

SBI Revises Basic Savings Account Rules From October 1, Branch Withdrawals Beyond Four To Cost ₹15 Plus GST

India's cash in circulation rises despite surge in digital payments: RBI Deputy Governor

Gold, silver prices fall as investors weigh Fed rate outlook, rising oil and US-Iran tensions

Axis Bank Credit Card Rules Change From August 28, Higher Currency Fee & New Reward Limits Ahead

RBI seeks NBFC feedback on revolving credit rules, stresses compliance and risk controls

Sensex, Nifty Open Lower as US-Iran War Uncertainty;Nifty Falls 22 Points, Sensex Drops Over 100 Points

Gold posts 0.86 pc weekly gain amid expectations US Fed may hold rates

India's forex reserves surge $14.1 billion to cross $707 billion mark

Gold prices fall as RBI approves premature SGB redemption at over four-fold issue price

Sensex falls 332 points, Nifty slips 84 points in morning trade

India Retail Inflation Rises To 4.45% In July As Food Prices Stay Elevated

No fee on UPI transactions, Sitharaman clarifies; government to hold PSB Confluence on August 17-18

Sensex, Nifty Open Marginally Lower at 78,510 and 24,575

Govt collects Rs 10,463 crore in customs duty from gold, silver, platinum imports after duty hike

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