Economy News

Gold ETF inflows decline in March as Middle East tensions weigh in

Gold ETF inflows decline in March as Middle East tensions weigh in

Gold ETF inflows in India sharply declined in March, with net investments more than halving to Rs 2,266 crore, according to Association of Mutual Funds in India. The drop was driven by geopolitical tensions, particularly involving the United States and Iran 15 days ago
India's forex reserves jump $9.06 billion to $697.12 billion

India's forex reserves jump $9.06 billion to $697.12 billion

Gold reserves jumped significantly, while foreign currency assets—the largest component—also recorded a steady rise. Minor increases were seen in special drawing rights, while India's reserve position with the International Monetary Fund remained unchanged. 15 days ago
Indian rupee gains ahead of RBI deadline to unwind positions

Indian rupee gains ahead of RBI deadline to unwind positions

RBI's directive limiting banks' net open rupee positions to $100 million and its stance on curbing excess offshore positions has prompted lenders to adjust holdings ahead of the deadline. Analysts expect short-term caution in the market until clarity emerges on RBI's position limits, though fears of sharp rupee depreciation may be overstated. 15 days ago
Reserve Bank Of India

RBI proposes 1-hour delay for UPI transfers above ₹10,000 as safety measure

The RBI has proposed a one-hour delay for digital payments above Rs 10,000 to curb rising frauds, which hit Rs 22,930 crore in 2025. The discussion paper outlines safeguards like trusted-person authentication for seniors, capped credits with verification, and a "kill switch" to block transactions. The move targets APP fraud driven by social engineering. 15 days ago
Gold rises 2.45% to ₹1,53,977; silver at ₹2,44,297 on safe-haven demand despite US-Iran ceasefire

Gold, silver trade up to 2 pc lower despite geopolitical tensions

On the Multi Commodity Exchange (MCX), gold futures (June 5) fell as much as 0.74 per cent or Rs 1,129 to Rs 1,50,647, hitting an intraday low at around 10:40 AM. The yellow metal was later trading at Rs 1,51,113, down Rs 663 or 0.44 per cent. It touched an intraday high of Rs 1,51,452. 16 days ago
UPI outage: Users report failed transactions across cities

UPI outage hits India: Users report failed transactions across cities

On April 1, 2026, digital payment services across India experienced widespread disruptions, affecting UPI transactions. State Bank of India (SBI) reported over 500 outage complaints, Users from cities including New Delhi, Mumbai, Bengaluru, Jaipur, Pune, Kolkata, Guwahati, and Chennai faced failed transactions, payment errors, and app loading issues 24 days ago
The Nifty dropped 775.65 points, or 3.26 per cent, to close at 23,002.15, while the Sensex fell 2,496.89 points, or 3.26 per cent, to settle at 74,207.24.

Stock markets shut on Mahavir Jayanti, partial trading on MCX, full closure on NCDEX

BSE and NSE remained closed on Tuesday, March 31, 2026, on account of Shri Mahavir Jayanti, the 2624th birth anniversary of Lord Mahavira. This is the first of two holidays this week, with Good Friday on April 3 also a holiday. MCX was shut for the morning session (9 am–5 pm) but resumed evening trading from 5 pm to 11:30 pm. NCDEX stayed closed for the full day. 25 days ago
Reserve Bank Of India

RBI injects Rs 84,582 crore into banking system

(RBI) injected Rs 84,582 crore into the banking system through two variable rate repo (VRR) auctions to boost liquidity. Liquidity in the banking system currently stands at a surplus of around Rs 1.27 lakh crore. 26 days ago
Gold, silver prices climb ahead of key US Fed meet

Gold, silver prices fall up to 2 pc amid weak global cues

Gold and silver prices fell up to 2% on Monday, tracking weakness in global bullion markets amid fading hopes of a US Federal Reserve rate cut and rising inflation concerns. On MCX, gold dropped sharply to an intraday low of ₹1,44,212 per 10 grams, while silver also declined. 26 days ago
Locker loss cover fixed at 100 times annual rent: Nirmala Sitharaman

Locker loss cover fixed at 100 times annual rent: Nirmala Sitharaman

Nirmala Sitharaman clarified in the Lok Sabha that standard insurance coverage for bank lockers is fixed at 100 times the annual locker rent in case of loss, theft, or damage. Banks cannot inspect locker contents due to privacy and regulatory rules, making it impractical to offer coverage based on the actual value of stored items 26 days ago
Lok Sabha approves Insolvency and Bankruptcy Code (Amendment) Bill

Lok Sabha approves Insolvency and Bankruptcy Code (Amendment) Bill

Lok Sabha approved the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, aimed at speeding up insolvency proceedings for defaulting companies. The Bill mandates a 14-day timeline for admitting insolvency applications once defaults are established and proposes 12 amendments to strengthen the resolution ecosystem 26 days ago
Crude oil prices jump over 3 pc, nears 52-week high

Crude oil prices jump over 3 pc, nears 52-week high

Global crude oil prices surged over 3% on Monday, nearing a 52-week high, as tensions in West Asia escalated following the involvement of Yemen's Iran-backed Houthi group. Brent crude rose to $116.70 per barrel, while West Texas Intermediate crossed $103. 26 days ago
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