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US stocks: US market ends lower, off record highs, as Treasury yields climb
The recent trading session on Wall Street saw a decline as US Treasury yields surged, sparking fears over inflation and the escalating debt crisis. This drop followed remarkable highs reached by the S&P 500 and Nasdaq. Concurrently, rising oil prices due to supply issues influenced market sentiment and contributed to a global bond selloff.
US Fed minutes signal another rate hike by year-end as inflation stays high
According to the latest minutes from the US Federal Reserve, officials hint at a possible interest rate rise by year's end in response to ongoing inflation challenges. With inflation reaching a high of 7.2% in June 2022, fluctuations have continued amid worries over geopolitical events and escalating energy costs. The Fed faces the complex task of controlling inflation while ensuring stable employment within the economy.
Repo rate hike: How to manage home loans, FDs and debt investments
Higher rates could lift deposit returns while raising borrowing costs and affecting debt fund returns
RBI rate hike: Your home loan EMI just went up
Foreign investors pulled $26.3 billion from emerging-market stocks and bonds in September due to rising US yields. The hawkish Federal Reserve's interest rate hike influenced this first outflow since June. Additionally, heavy foreign selling in South Korea resulted in a significant decrease in emerging-market equities. While fixed-income assets attracted $246 billion this year, equities saw year-to-date outflows of $113.9 billion.
Mizoram's three autonomous councils are facing a salary shortfall of 159.59-crore salary shortfall and appealed seeking intervention from the state government. They said successive pay revisions, DA, annual increments and promotions had increased the financial strain.
Sebi brings risk-o-meter for debt securities; eases norms for debt-raising
Sebi introduces Credit Risk-o-Meter, eases private debt norms; NSE flags steep premiums in some international ETFs
NBFC services to banks will attract 18% GST
The interest on the underlying loan will remain exempt from GST. The 18% levy will apply to the taxable service supplied by the NBFC to the bank in the co-lending arrangement. The committee also decided to align the valuation of the NBFC's service with the methodology prescribed by the Reserve Bank of India.
Govt asks banks to develop a sector-wide quantum transition along with an AI resilience framework
According to the industry, major concerns in this segment include 'harvest now, decrypt later' threats, where cyber adversaries stockpile encrypted banking data for future quantum decryption. The finance ministry has also asked banks to assess post-quantum vulnerabilities and initiate mitigation measures, said an official, who did not wish to be identified. Each bank can prepare its internal strategy, but there has to be some common industry parameters, he added.
Farmer Karigowda, who owns a 3.5-acre farm in Karlapura Palya in Bengaluru Urban district, grows bottle gourds that weigh around 500 grams each.
US bonds selloff resumes as 10-year, 30-yields hit new 24-year high
US Treasuries are facing significant selling pressure as yields hit new highs, fueled by ongoing inflation concerns. Higher oil prices have exacerbated worries about sustained inflation in the market. The 10-year and 30-year bond yields have soared to their highest levels in 24 years. Additionally, rising corporate borrowing is vying for investor capital, contributing to supply constraints. Amid these dynamics, the Treasury plans to auction $39 billion in 10-year notes.
EPFO shares security advisory: Here's how to safeguard your account, in simple steps
The EPFO issued a security advisory urging members to protect personal and financial information. It warned against sharing sensitive data and warned of phishing attempts, emphasizing the use of official portals only while remaining vigilant about suspicious links.
RBI hikes repo rate by 25bps: What it means and how it impacts you | All FAQs answered
The RBI's 25-basis-point repo rate hike on 7 October is aimed at curbing inflation. This increase could raise borrowing costs for loans, affecting monthly repayments, while potential adjustments to deposit rates may also occur.
Karnataka Calls For BFSI, FinTech Collaboration Ahead Of Tech Summit
The Government of Karnataka has called for enhanced collaboration with the BFSI and FinTech sectors to bolster its technology ecosystem and accelerate the adoption of innovative solutions. This initiative, discussed at an Industry Meet, aims to foster partnerships between government, industry, and academia, particularly through programmes like 'Government First', in preparation for the Bengaluru Tech Summit 2026.
RBI says it will ensure 'undervalued' Rupee finds its correct level
The Reserve Bank of India has stated its intent to stabilize the undervalued rupee, which reached a five-month low. Despite raising the policy rate for the first time since February 2023, the rupee has fallen due to foreign capital outflows. According to economists, the stronger dollar index contributes to the rupee's pressure in the market. Interventions by the central bank included dollar-rupee swaps to manage liquidity effectively.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets ended lower on Wednesday as the Sensex fell 429 points and Nifty dropped over 173 points, snapping a two-session rally. Investors reacted to the RBIs rate hike and calibrated tightening stance, while banking stocks gained and broader sentiment remained cautious.
The Reserve Bank of India raised the repo rate by 25 basis points to 5.50%, marking its first increase since February 2023. Here's a look at whether this could impact fixed deposit rates and what any transmission would mean for your funds
Market Trading Guide: Kotak Mahindra Bank among 5 stock recommendations for Thursday
Analysts recommend five stocksBlack Box, Deep Industries, MRPL, Leela Palaces and Kotak Mahindra Bankfor medium-term gains after the RBI shifted to calibrated tightening. Technical setups show breakouts, bullish momentum and strong support, while investors await September-quarter earnings and management commentary.
US stocks: Webull shares plunge 18% after report flags structural ties to China
Webull shares fell by more than 18% following a report connecting the platform to the Chinese government. The House Select Committee on China revealed discrepancies between Webulls marketing and its operational reality. Concerns were raised about the companys reliance on infrastructure subject to Chinese laws. Analysts expressed uncertainty about the regulatory implications affecting the stock's performance. This scrutiny reflects growing apprehension in Washington regarding Chinese involvement in critical US sectors.
Webull sinks over 19% after CNBC reports US House panel flagged China ties
Webull's shares fell more than 18% on Wednesday after CNBC reported that a US congressional panel had found the online trading platform ied in structural ways to China's government.
RBI says NBFC ban on revolving credit is a clarification, not a new rule
In a draft circular released on 6 August, the central bank proposed limiting NBFC lending strictly to term loans.
Property or mutual funds? Where should NRIs invest their India-linked wealth? Explained
For NRIs, investing in both property and mutual funds can diversify portfolios. Check where they should invest their India-linked wealth.
US SEC will not pursue charges against climate group, warns of disclosure obligations
The US Securities and Exchange Commission investigated a climate group related to ExxonMobil's shareholder meeting in May 2021. After the investigation, the SEC decided not to pursue any charges against the group. However, the SEC expressed concerns regarding the actions of the group during the meeting. The SEC has emphasized the need for large shareholders to understand their regulatory obligations ahead of the 2027 proxy season.
EPFO is testing a UPI withdrawal facility. This will allow subscribers to withdraw their balance more conveniently. Here are 3 things you should know.
Iraq devalues its currency as Iran-US war disrupts oil shipping routes
Iraq has officially devalued its currency from 1,300 dinars to 1,500 dinars to the US dollar. The Central Bank announced this decision following a Cabinet meeting, which aimed to address financial, economic, and monetary needs. There has been a noticeable gap between the official and market rates, which widened due to regional conflicts. The market rate increased significantly after the announcement, reflecting ongoing economic challenges.
Tata Power Brings Norway's Floating Solar Tech To India
Tata Power has partnered with Norway's Ocean Sun to introduce innovative membrane-based floating solar technology to India. A 300 kWp pilot project will be undertaken at Tata Power's Mulshi reservoir in Maharashtra to evaluate the technology's performance, reliability, and cost-effectiveness under Indian conditions. This collaboration aims to leverage India's significant floating solar potential and contribute to its renewable energy goals.
RBI brings new rule for banks to measure risks from derivatives, other such dealings
The Reserve Bank of India has set a Rs 25,000 crore threshold for banks to adopt new credit risk approaches. Banks with considerable derivative exposure or international presence will come under this rule. Lenders below this threshold can choose alternative risk measurement methods.
Gold slides to two-month low as robust dollar, yields add pressure
Gold prices have fallen to a two-month low due to a strong US dollar and rising Treasury yields. Spot gold dropped 1.6% to $4,096.13 per ounce, while silver also faced significant declines. The Federal Reserve's policy decisions are anticipated to influence future interest rate hikes, affecting gold's appeal. China's central bank continued its long-term gold purchasing trend, contributing to market dynamics.
Ola Electric board approves rights issue at 26 pc discount; shareholders to pay in two calls
Ola Electric has announced a rights issue price of Rs 27 per share, significantly below its market value, aiming to garner up to Rs 1,000 crore. Investors will pay 60% of this amount upfront, with the remainder due later. Chairman Bhavish Aggarwal intends to fully subscribe to his portion, using a pledged stake. This funding could ease debt burdens and assist the company in achieving cash breakeven.
India's wind power capacity may cross 250 Gw by 2035: Suzlon's Girish Tanti
Suzlon's Girish Tanti expects rising demand to prompt a higher wind capacity target, with the sector on track for 100 GW by 2030 and grid bottlenecks likely to ease
IATA asks airlines to negotiate Mumbai slot cuts, seek longer transition period
Adani Airport, which operates the Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai, had proposed temporarily discontinuing 265 of 770 weekly international departure slots from T2 of the airport from 25 October as part of the transition of international operations to Navi Mumbai.
US stocks: S&P 500, Nasdaq retreat from records as oil and Treasury yields rebound
In a market retreat, the Nasdaq and S&P 500 pulled back from their record highs amid rising Treasury yields and oil prices. Investors remain cautious as they await the Federal Reserve's meeting minutes. Meanwhile, forecasts show a significant increase in energy-sector profits for the third quarter, despite noticeable declines in chip stocks, particularly for Micron Technology and Nvidia, highlighting a trend of gains concentrated among a few major firms.
US stocks: US market opens lower as bond yields and oil rebound; Fed minutes in focus
On Wednesday, Wall Street opened to a downturn, with the Dow Jones Industrial Average declining by 325.06 points, highlighting a sense of caution among investors. The S&P 500 and Nasdaq Composite mirrored this negativity, influenced by the spike in Treasury yields. With the release of the Federal Reserve's meeting minutes looming, investor sentiment remained cautious amid climbing Treasury yields and oil prices.
FPIs sell rate-sensitive sectors amid high rates, favour consumer services
Foreign investors sold 35,861 crore of Indian equities in September, with financial services seeing the largest outflows and consumer services attracting the most inflows.
MFs, advisers adopt 'wait-and-watch' stance on duration after RBI rate rise
Debt fund managers and wealth advisers favour accruals and shorter-duration bonds, awaiting clarity on inflation and peak policy rates before adding duration exposure
RBI turns hawkish on inflation, but rate hikes could test growth momentum
The RBI's rate path from here on remains data dependent beyond December 2026. However, the bar for a December pause is much higher now.
The Cabinet increased the EPF wage ceiling to 25,000, expanding coverage for 51 lakh employees. This change, the first in 12 years, raises employer contributions and enhances pension benefits for long-term subscribers, impacting total accumulated corpus.
Sharma Offers Personal Funds For Indian AI Models
Paytm founder Vijay Shekhar Sharma has pledged personal funds, ranging from Rs 1 crore to Rs 2 crore, to Indian entrepreneurs developing their own artificial intelligence models. This initiative aims to foster indigenous AI capabilities and reduce reliance on foreign models, echoing Sharma's past success in mobile payments.
5 money lessons from international bestseller I Will Teach You to Be Rich by Ramit Sethi
Ramit Sethi's I Will Teach You to Be Rich is an international bestseller. Here are 5 money lessons from the personal finance book.
September demat additions fall 11.5% to 2.89 million after August's surge
New demat accounts fell to 2.89 million in September, but quarterly additions hit a high since October-December 2024, supported by strong primary market activity
The company also sees India's rapid 5G rollout as giving the country a competitive advantage as the telecom industry prepares to move towards 6G.
Maintenance Economy Key To India's 1% GDP Growth
Industry leaders at MRAM Expo 2026 highlighted that India's maintenance economy has the potential to unlock a 1 per cent GDP opportunity. This growth can be achieved by addressing productivity losses from equipment breakdowns, unplanned downtime, and inefficient assets through smarter asset management practices. The NITI Aayog also supports AI-based predictive maintenance for resilient infrastructure, while the Indian Asset Performance Management market is projected for substantial growth by 2033.
Gold extends slide to 1.48 lakh per 10 gm in Delhi amid weak demand
Gold prices fell for the second straight session, declining Rs 700 to Rs 1.48 lakh per 10 grams in the national capital on Wednesday, as subdued local demand and weak global trend weighed on the precious metal. The yellow metal of 99.9 per cent purity fell to a one-week low, depreciating Rs 700 to Rs 1,48,900 per 10 grams, inclusive of all taxes, from Tuesday's closing level of Rs 1,49,600, according to local traders. It was quoted at Rs 1,48,600 per 10 grams on September 29. Gold prices declined in the domestic market on Wednesday amid weak global cues and subdued retail demand, said Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities. A rebound in crude oil amid renewed concerns over supply disruptions triggered by West Asia tensions also added to the dip in the precious metal prices, he added. However, depreciation in the rupee kept a lid on the precious metal's upside, analysts said. The rupee slumped 43 paise to close at 96.78 (provisional) against the US dollar
The Reserve Bank of India has removed Paytm Payments Bank from its list of recognised scheduled banks due to non-compliance with regulations. The bank's licence, cancelled in April 2023, was deemed detrimental to depositors' interests.
Bajaj Finance raises FD rates by up to 40 bps; senior citizens can earn up to 8.15% check details
Bajaj Finance has raised FD interest rates by 15-40 basis points across 12-60 month tenures. Senior citizens can now earn up to 8.15% on fresh deposits and 8.25% on renewals, while regular depositors can earn up to 7.75% and 7.85%, respectively.
Margin boost: Jefferies picks 3 bank stocks to gain the most from RBI rate hikes
Jefferies expects RBIs 25-basis-point rate hike and calibrated tightening stance to support bank earnings, particularly ICICI Bank, SBI and Axis Bank. Faster loan repricing could drive margin expansion, while smaller private banks, NBFCs and life insurers may face greater pressure.
RBI hikes rates, but banks may hold off on raising deposit rates
A surge in FCNR(B) deposits has left banks flush with liquidity, reducing the immediate pressure to compete for deposits even as the RBI begins to drain the surplus.
Valiant Organics among 5 commodity stocks that hit 52-week highs and rallied up to 48% in a month
The Sensex fell 429 points to 72,638 on Wednesday, but five BSE Commodities Index stocks hit fresh 52-week highs. Valiant Organics led gains, followed by OCCL, Tatva Chintan Pharma Chem, Fine Organic Industries and Manali Petrochemicals.
Repo rate hike may raise borrowing costs, but real estate demand likely to be resilient: Realtors
The Reserve Bank of India increased the repo rate by 25 basis points to 5.50 percent. Real estate companies in West Bengal anticipate a slight rise in borrowing costs for home loans. Developers believe that genuine homebuyers will remain undeterred in the long term. Concerns about affordability for first-time buyers may arise during the festive season. Developers are introducing flexible payment plans to sustain demand despite these pressures.
India's AI sector is gaining prominence, with 19 individuals listed on the M3M Hurun India Rich List 2026, collectively worth 3.07 lakh crore.
ET Alpha Wealth Summit 2.0: The ideas, trends and opportunities shaping future of wealth creation
ET Alpha Wealth Summit 2.0 brings together leading investors, wealth managers and family-office professionals to decode the forces shaping the next investment cycle. From global capital flows, private credit and alternatives to family offices, GIFT City, SIFs and AI, the summit explores new opportunities and evolving approaches to wealth creation.
SAT seeks details of documents Sebi shared with Jane Street beyond duty
The tribunal asks Sebi to specify material shared beyond its legal obligations as Jane Street seeks trading data and other documents; the hearing continues on Thursday.
India bonds tumble after RBI's first rate hike in nearly four years
In a bid to combat inflation, the Reserve Bank of India has increased the key interest rate to 5.5%. This decision has led to a notable dip in Indian government bonds in the market. Factors such as climbing global oil prices are further complicating the economic landscape. While the 10-year bond yield remains high, forecasts suggest that interest rates may continue to rise this fiscal year.
Hindustan Unilever has raised detergent prices in October, affecting brands like Wheel, Rin, and Surf Excel. This year, Surf Excel products saw multiple price hikes due to rising input costs, including increased palm oil and packaging expenses.
Marcellus Investment Managers has partnered with VanEck to expand its global investment offering for Indian investors through a multi-asset strategy. The portfolio will span global equity and bond ETFs, commodities and real assets, giving high-net-worth investors access to diversified global exposure and dollar diversification through Marcellus GIFT City.
Only bullish corner: Nithin Kamath flags full-on party in IPOs amid broader market weakness
Indian equities remain under pressure, but recent mainboard IPOs are bucking the trend. Data cited by Zerodha CEO Nithin Kamath shows 67.2% of 125 IPOs listed between October 2025 and September 2026 traded above issue prices, with median returns of 24.7%.
Indian equities ended lower on Wednesday after the RBI raised the repo rate by 25 basis points to 5.5% and shifted its stance to calibrated tightening. The Nifty and Sensex fell 0.76% and 0.59%, respectively, while Titan Company, Adani Enterprises and Hindalco led losses. Kotak Bank and Bharti Airtel topped gainers.
Jet fuel shock: Govt explores price stabilisation fund relief for airlines as ATF prices climb
India is contemplating reviving jet fuel price stabilisation fund amid rising prices, influenced by geopolitical turmoil. Discussions are ongoing with airlines and oil-marketing companies, as ATF constitutes 40% of airline expenses. IndiGo has raised its fuel surcharge in response to soaring costs.
Five small cap mutual funds delivered annualised returns above 22% over three years through September 2026, led by Bandhan Small Cap Fund. However, investors should assess risk appetite, investment horizon and financial goals rather than choosing funds solely on past performance.
From first sale to 100 crore: The new playbooks building consumer brands in India
Three post-pandemic consumer businesses show how founders are finding customers, developing products, building brands and scaling in a market where the barriers to entry have fallen.
Bitcoin drops over 3% to $83,000 after losing key support; $394 million liquidated in one hour
Bitcoin fell nearly 3% toward $83,000 after losing key on-chain support, while Ethereum dropped over 5%. A sharp leveraged sell-off triggered major liquidations, with analysts citing macro uncertainty, derivatives unwinding and weakening technical levels as pressures on crypto markets.
Landmark Group raises Rs 330 crore SBI finance for Gurugram project
Landmark Group has raised Rs 330 crore in construction finance from the State Bank of India. This funding is aimed at developing Landmark One, a Grade A+ commercial project in Gurugram. The development boasts spacious floor plates and extensive parking options. Private equity investments in Indian real estate have significantly increased, showing a 23% rise year on year.
RBI to share views on Irdais proposed insurance distribution overhaul
RBI governor Malhotra said RBI has not formed a view on Irdais proposed distribution reforms but will share its comments.
AI Security: Ericsson CEO Calls For Tech Alignment
Ericsson CEO Andres Vicente emphasised the critical need for technology alignment and ecosystem collaboration to ensure security in the age of Artificial Intelligence. Speaking on Wednesday, he highlighted that AI's benefits in productivity and innovation cannot be forgone, making shared security concerns across interconnected tech layers paramount. Ericsson is actively working with partners through the Trusted Tech Alliance to establish common AI-era security understandings.
Bank account nominee dies before the holder? Know what happens to the money
What happens if a bank account nominee dies before the account holder? Know the latest rules on simultaneous and successive nominations, how the deceased nominees share is treated, and what legal heirs may need to do to claim the money.
FCNR inflows to keep cap on bank deposit rates
The liquidity from the foreign currency non-resident deposits is likely to stabilize bank deposit rates temporarily. This situation will allow banks to benefit from higher lending rates associated with floating rate loans. Despite the current surplus liquidity, analysts foresee a shift towards neutrality by the end of December. The Reserve Bank of India emphasizes the importance of proper usage of these deposits for economic stability.
MFs Log 5% AUM Growth in Q2 FY27 Despite Market Volatility
Indian mutual funds experienced a nearly 5 per cent growth in average quarterly assets under management (QAAUM) in the second quarter of FY27, reaching approximately ~87.2 trillion, despite significant equity market turbulence and corrections in largecap and some debt segments.
US 30-year bond yield hits fresh 24-year high
The US 30-year bond yield hit a fresh 24 year high on Wednesday, as a selloff in world bond markets resumed a day after getting some respite from worries over higher
Rupee nears record low despite RBI hike, governor says markets can be irrational
The Indian rupee has dipped to its lowest point in five months, following a recent interest rate hike by the Reserve Bank of India. Analysts remark that the monetary policy appears too lenient to stabilize the currency. Investors are wary as ongoing portfolio outflows and rising global bond yields continue to exert pressure.
RBI MPC rate hike: Experts decode what the policy decision means for mutual fund investors
The RBI raised the repo rate by 25 basis points to 5.50%, its first hike in nearly four years. Mutual fund managers favour short-duration, high-quality debt, while cautioning investors on duration, inflation, crude prices, global rates and tightening liquidity.
Global Market: UK Gilt yields rise as oil, US Treasury yields weigh on bonds
British 10-year gilt yields jumped 6 basis points to 5.44%, nearing a 19-year high, as rising oil prices and US Treasury yields fueled inflation concerns. Investors also focused on Britains upcoming October 28 budget and fiscal outlook. Potentially higher borrowing needs and weak global bond markets added pressure to government debt.
The rupee neared its record low after the RBI raised the repo rate to 5.50%. Governor Sanjay Malhotra said the currency may be undervalued, while analysts viewed the hawkish stance and higher inflation outlook as supportive of the rupee.
Sebi shares trade data with Jane Street, seeks response to allegations
The Securities and Exchange Board of India has provided time, quantity and pricing details of actual trades
Gold caught between central bank demand and real-yield pressure: Kotak Sec
A break below $4,100 would expose further downside toward the $3,960 to $4,000 zone. Until that turn materialises, near-term price action is likely to remain driven by the rate market.
Global Market: Nomura Asset Management targets global investors as Japan markets regain appeal
Nomura Asset Management is seeking to capitalise on rising global interest in Japanese equities and bonds, using stronger markets, higher yields and an expanded overseas network to grow its international business.
Global Market: European shares fall as rising yields, oil lift risk concerns
European shares fell after three sessions of gains as rising oil prices and global bond yields weighed on sentiment, while concerns over Frances fiscal position added to pressure on markets.
Lost your credit card? 5 steps you should take immediately to avoid fraud
Lost your credit card? Acting quickly can help limit the risk of unauthorised transactions and fraud. Block the card, disable contactless payments, check recent transactions, secure digital wallets, report suspicious activity and request a replacement card.
Why Warren Buffett considers interest rates key to stock valuations
RBIs first repo rate hike in nearly four years highlights why interest rates matter for stock valuations, echoing Warren Buffetts long-held view that higher rates can weigh on asset prices.
RBIs 25 bps repo rate hike could reshape returns across debt, equity, FDs and gold. Experts explain which asset classes may benefit, where investors could face pressure and how to position portfolios as the rate cycle turns.
PVR Inox rallies 10%; stock hits 22-month high in weak market
Analysts estimate 31% occupancy for PVR Inox, aided by a strong performance of Hollywood content such as Odyssey and Spider-Man: Brand New Day, along with sleeper hits like Hanuman Ansh.
Google Cloud India MD Sashikumar Sreedharan Resigns
Google Cloud India's Managing Director, Sashikumar Sreedharan, has resigned to pursue a new opportunity. Amit Kumar, previously MD for Digital Natives, has been appointed as the interim head of India operations. The transition was announced by Karan Bajwa, President of Google Cloud Asia Pacific, who highlighted the company's strong momentum in India.
RBI to ensure rupee stability, correct valuation: Governor
Reserve Bank of India Governor Sanjay Malhotra has stated that the rupee may be 'undervalued' by many estimates and assured that the RBI will work to ensure its stability and help it find its 'correct value' amidst recent depreciation.
HD Fire Protect IPO price band set at Rs 258-271; Rs 712 crore issue opens on October 13
HD Fire Protect has fixed the price band for its Rs 712.31 crore IPO at Rs 258-271 per share. The issue will open on October 13 and close on October 15, 2026. Entirely an offer for sale, the IPO will see promoters sell 2.63 crore shares, with the company receiving no proceeds from the issue.
RBIs 25-basis-point repo rate hike has changed the near-term outlook for mutual fund investors. Experts advise continuing SIPs, staggering lumpsum investments and favouring quality, shorter-duration debt funds. In equities, large caps remain preferred for core allocations, while investors should be selective with small-cap and thematic exposure amid policy uncertainty.
Gold, silver fall on concerns over rising crude oil prices, interest rates
In the global market, gold futures on Comex were trading near $4,165 per ounce, while silver was trading near $60 per ounce
RBI has clarified reporting rules under the new FEMA trade regulations effective 1 October. Individuals are not required to report personal imports or exports, while small exporters with bills up to 10 lakh can use self-declaration and an invoice.
Global Market: France faces rising market pressure to rein in public finances
As France grapples with escalating borrowing costs and a dwindling euro, the urgency for bolstered fiscal stability intensifies. With the presidential election on the horizon, tension mounts from political factions and public unrest. Far-right figure Marine Le Pen advocates for drastic cuts in spending, championing deficit control. Yet, doubts linger regarding her administration's capacity to enact these strategies as the financial climate adds complexity to the looming electoral decisions.
Markets can be irrational in short term, rupee may be undervalued: RBI Guv
Malhotra said financial markets can be irrational in the short run and noted that measures including the REER suggest the rupee may be undervalued
Reliance drives Indias Venezuela oil imports to seven-year high
Venezuelan crude deliveries to India are expected to more than double to about 465,000 barrels a day this month, from 196,000 in September
