Economy News

Rupee Gains 4 Paise as Weaker Dollar Offsets Global Market Jitters

Rupee Ends Three-Day Losing Streak, Opens Higher at 96.31 Against US Dollar

The Indian rupee snapped its three-day losing streak, opening at 4 paise stronger at 96.31 against the US dollar, supported by a weaker greenback after softer US inflation data pushed the dollar index to a one-month low.

Jul 17, 2026

Gold & Silver Rate Today: 24K, 22K Gold Prices and 999 Silver Rates Across Major Cities on July 17

Gold, Silver Prices Today, July 17: 24K Gold Crosses ₹1.41 Lakh in Mumbai, Silver Trades Above ₹2.15 Lakh/kg

Gold and silver prices witnessed changes in the retail market on July 17, Mumbai recorded the highest 24K gold price among the listed cities at ₹1,41,260 per 10 grams.followed by Chennai at ₹1,41,380. Silver prices also differed across cities, ranging from ₹2,15,180 per kg in Delhi to ₹2,19,100 per kg in Bengaluru.

Jul 17, 2026

Gold and Silver Rate Today: 24-Carat Gold at ₹14,358/Gram, 22-Carat at ₹13,161; Silver at ₹235/Gram (₹2.35 Lakh/Kg) as Bullion Prices Fall Amid Middle East Tensions

Gold and Silver Rate Today: 24-Carat Gold at ₹14,358/Gram, silver at ₹235/Gram as Bullion Prices Fall Amid Middle East Tensions

Gold and silver prices declined on July 16 as escalating Middle East tensions boosted expectations that the US Federal Reserve may keep interest rates higher for longer. The fall in bullion prices came amid rising crude oil prices and inflation concerns.

Jul 16, 2026

RBI Ombudsman Scheme allows compensation of up to Rs 33 lakh for service lapses

Under the scheme, the RBI Ombudsman can award up to Rs 30 lakh for proven financial losses caused by service deficiencies, along with up to Rs 3 lakh for harassment, mental anguish, time and expenses, taking the maximum compensation to Rs 33 lakh.

Jul 15, 2026

RBI urges banks to use AI, strengthen cybersecurity

RBI held its half-yearly meeting with the heads of public and select private sector banks in Mumbai, where Governor Sanjay Malhotra urged lenders to adopt artificial intelligence (AI), strengthen cybersecurity and enhance customer-centric services

Jul 15, 2026

Global crude oil prices hit four-week high amid escalating US-Iran conflict

Global crude oil prices surged to a four-week high on Tuesday as escalating US-Iran tensions and renewed military activity around the Strait of Hormuz fuelled concerns over global energy supplies. Brent crude rose above $85 per barrel, w

Jul 14, 2026

Gold, Silver Outlook Next Week, MCX Gold Falls 2.65% & Silver Slides 6.2% As US-Iran Tensions, Inflation Data Remain In Focus

Gold and silver may remain under pressure next week as investors track the US-Iran conflict, inflation data and global economic indicators. Analysts expect volatility to continue while stronger US dollar and higher yields limit gains in bullion.

Jul 12, 2026

Gold Rate Today, July 11: Gold, Silver Prices Ease; Check Latest 18K, 22K & 24K Rates in Major Cities

Gold prices slipped slightly across domestic markets on July 11, with 24-carat, 22-carat and 18-carat gold rates declining in major cities, while silver also remained under pressure. Bullion prices continue to be influenced by global market trends, the rupee-dollar exchange rate,

Jul 11, 2026

Onion Prices Jump in Chennai as heavy rains in Maharashtra Disrupt Supply

Daily arrivals at the Koyambedu Wholesale Market have fallen from 60-65 truckloads to around 30-35, pushing wholesale prices up by about Rs 10 per kg to Rs 30-35 per kg. Traders have warned that prices could rise to Rs 50-60 per kg if supplies do not improve, while tomato and most other vegetable prices remain stable.

Jul 11, 2026

India's foreign exchange reserves surged by $7.260 billion to $674.193 billion in the week

India's forex reserves rise $7.26 billion to $674.193 billion, $54 Billion Less from Record High

Banks have also mobilised an estimated $3-4 billion through the revised FCNR-B deposit scheme, with inflows expected to accelerate as awareness grows among NRIs, particularly in the Gulf region. Bankers estimate the scheme could eventually attract $40-50 billion in fresh deposits.

Jul 10, 2026

Global crude oil prices rally up to 3 pc as US-Iran tensions escalate

Crude oil surges over 6 pc to near $80 as war between Iran and US is over

International oil benchmark Brent crude climbed as much as 6.52 per cent or $4.69 to trade near $80 a barrel. Similarly, US benchmark West Texas Intermediate (WTI) advanced more than 6 per cent or $4.85 to around $75 a barrel.

Jul 8, 2026

Why is NSE's IPO being delayed?

The key hurdles include the co-location case, legal disclosures and the formal completion of a proposed Rs 1,491.21 crore settlement with SEBI. Despite the delays, the IPO is expected to value NSE at over Rs 5 lakh crore, making it one of India's biggest public offerings.

Jul 6, 2026

Adani investors lost no money in securities, says US DoJ

US DoJ says Adani investors suffered no losses, calls Biden-era indictment a case it was likely to lose

The Department said the alleged conduct was centred in India, where authorities had already examined the matter and found no actionable misconduct. It also noted there were no investor losses linked to the securities involved and denied that its decision was influenced by prospective U.S. investments

Jul 5, 2026

Gold, silver trade mixed amid hopes Fed may hold interest rates

Gold, silver rates update: Gold slips as silver posts gains

On the Multi Commodity Exchange (MCX), gold futures (August) opened at Rs 1,43,882 per 10 grams, down Rs 548 or 0.37 per cent from the previous close of Rs 1,44,430.

Jul 2, 2026

RBI appoints Ravi Shankar as Executive Director effective July 1

As a career central banker statistician, Shri Shankar has experience of over three decades in the Reserve Bank having worked in the areas of corporate, banking statistics, government securities market and settlement systems, debt management, and surveys in the Reserve Bank.

Jul 1, 2026

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