Economy News

India's forex reserves surge by $ 3.51 billion to $694.23 billion

India's forex reserves surge by $ 3.51 billion to $694.23 billion

The gold component of the forex reserves increased by $1.77 billion to $86.77 billion at the end of the week. Central banks worldwide have accumulated substantial amounts of gold as a safe-haven asset in their foreign exchange reserves amid uncertainty created by geopolitical tensions. The share of gold maintained by the Reserve Bank of India (RBI) as part of its foreign exchange reserves has almost doubled since 2021. Sep 5, 2025

Jan 1, 1970
Gold, silver prices hit record high amid global uncertainties

Gold, silver prices hit record high amid global uncertainties

According to the India Bullion and Jewellers Association (IBJA), the evening rates showed that the price of 24-carat gold climbed to Rs 1,06,021 per 10 grams, up from Rs 1,04,424 on Tuesday. This marks a rise of Rs 1,597 in just 24 hours. Sep 3, 2025
Goods to turn cheaper as GST Council brings more consumer items under lower tax rates

What's expensive, what's cheaper as GST Council brings more consumer items under lower tax rates

The GST Council, comprising state Finance Ministers with Finance Minister Nirmala Sitharaman as the Chairperson, which met here on Wednesday, has also decided to finalise the rollout of a simplified GST regime with only two tax slabs of 5 and 18 per cent. However, the government has decided to keep the higher slab of 40 per cent on sin goods such as cigarettes, tobacco, sugary drinks and luxury goods that are bought by the high-income groups. Sep 3, 2025

Jan 1, 1970

Jan 1, 1970

Jan 1, 1970
India's growth to remain healthy in FY26 amid robust domestic consumption, govt spending

Morgan Stanley ups India's GDP growth forecast, expects cut in GST to spur demand

The report also highlighted that the strong monsoon and the kharif sowing levels indicate resilience in the agricultural sector, and should likely support buoyant agricultural growth going forward. For the financial year 2025-26, Morgan Stanley has revised its real GDP growth upwards to 6.7 per cent year-on-year from 6.2 per cent projected earlier. Sep 1, 2025
Indian stock market rally continues for 3rd consecutive day, Sensex jumps 213 points

Indian equity indices witness sharp rally on resilient Q1 GDP data, SCO outcomes

Sensex settled at 80,364.49, up 554.84 points or 0.70 per cent. The 30-share index started the session flat at 79,828.99 against the last session closing of 79,809.65. However, the index picked up the gaining momentum amid overall buying, especially in IT and Auto stocks. It touched an intra-day high at 80,406.84. Sep 1, 2025

Jan 1, 1970

Jan 1, 1970

Jan 1, 1970
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