33 C 
RBI keeps repo rate unchanged at 5.25%, policy stance neutral
The RBI upped the FY27 retail inflation projection 5.1 per cent (earlier projection: 4.6 per cent) and cut the real GDP growth projection to 6.6 per cent (6.9 per cent)
RBI to give banks greater flexibility in pricing rupee bulk deposits
Banks will have to ensure transparency and uniformity in the disclosure of deposit interest rates, per draft amendment directions.
Rupee gets booster shot as RBI announces measures to attract foreign capital
The measures buoyed the rupee, which posted it biggest single day gain since April 2 on Friday
4% inflation goal remains sacrosanct, says RBI Governor
It is a target that the government has given us; the target is not in abeyance at all. It remains at 4%, and that is our endeavor, says Sanjay Malhotra
Coordinated Centre-RBI measures target sustained dollar inflows
Reforms could improve reserve adequacy and bolster investor confidence
RBI eases investment norms to deepen foreign participation in equity, debt markets
Measures include higher investment limits for overseas investors in listed equities, wider access to government securities and relaxation of FPI debt investment norms
Bitcoin falls below $62,000 amid ETF outflows, macroeconomic jitters
Bitcoin is trying to stabilise around $64,000 after dropping over 13% in the past week, nearly halving its value since its October 2025 peak and reducing its market cap to approximately $1.27 trillion
The Latest Fixed Deposit Interest Rates: Jun 05, 2026
The Latest Fixed Deposit Interest Rates: Jun 05, 2026
The Latest Home Loan Interest Rates: Jun 05, 2026
The Latest Home Loan Interest Rates: Jun 05, 2026
The Senior Citizens Savings Scheme (SCSS) offers a stable 8.2% annual interest rate, ideal for retirees seeking predictable income. To earn Rs 20,000 monthly, an investment of approximately Rs 29.30 lakh is required, well within the Rs 30 lakh maximum limit. Interest is paid quarterly, and investments qualify for Section 80C tax benefits under the old tax regime.
ICICI Prudential Mutual Fund restricts subscription in ICICI Prudential Gold ETF
ICICI Prudential Mutual Fund has restricted subscriptions exceeding Rs 25 crore in its Gold ETF, becoming the second fund house to do so after HDFC Mutual Fund. This move aims to curb excessive financialization of gold at elevated prices, potentially impacting India's current account deficit and rupee. Investors are advised to consider profit booking and avoid fresh lump-sum allocations.
Forex reserve at healthy $682 billion, adequate to provide import cover for 11 months: RBI Guv
As of May 29, 2026, Indias foreign exchange reserves were $682.3 billion, sufficient for 11 months of imports and covering 89.1% of external debt, he said
HDFC Mutual Fund limits subscription in its gold ETF and FoF. What this means for investors?
HDFC Mutual Fund has temporarily restricted large lump-sum investments in its Gold ETF and Gold ETF Fund of Fund amid surging gold prices and rising inflows. While SIPs remain unaffected, the move aims to curb excessive exposure to gold, which experts warn could worsen India's import bill and current account deficit.
IVY County: At the intersection of global trends and East Bengaluru's growth story
Bengaluru's real estate focus is shifting to East Bengaluru's Sarjapur-Varthur-Gunjur corridor. This region offers significant investment potential driven by growing tech hubs, infrastructure upgrades, and increasing demand for premium homes. Corridors like Sarjapur, Whitefield, and Varthur are experiencing strong growth. Investors are prioritizing integrated ecosystems with employment sustainability and robust connectivity.
Gold prices saw a dip today, June 5, 2026. This decline followed positive news regarding potential progress between the US and Iran. Market sentiment improved as US President Donald Trump indicated advancements.
Little Pepe (LILPEPE) price prediction: When this meme coin could hit $0.10, $0.25, and $0.30
Little Pepe (LILPEPE) is rapidly progressing through its presale, raising over $28.1 million with its unique meme-only Layer 2 ecosystem. The project aims to offer fast, low-fee transactions and a dedicated launchpad, positioning itself as an infrastructure play. Analysts are exploring potential price targets of $0.10, $0.25, and even $0.30, contingent on successful exchange listings, ecosystem development, and community adoption.
PGIM India Mutual Fund revises subscription limits in its 3 international funds
PGIM India Mutual Fund has revised daily subscription limits for three international funds, effective June 5. Fresh SIPs are capped at Rs 50,000 per day, per investor, per scheme. Existing SIPs and STPs will continue, while new STP registrations will not be accepted after June 4, 2026.
Retiring in 2026? Check how much tax-free leave encashment you can claim before filing ITR
FD interest rate up to 8.05%: 4 banks that revised FD interest rates in June 2026
Fixed deposit investors are watching interest rates closely. Several banks have revised their FD rates in June 2026. Savers can lock in attractive returns with some banks offering up to 8% interest to senior citizens on select tenures. Punjab National Bank, Ujjivan Small Finance Bank, Union Bank of India, and DCB Bank are among those with updated rates.
EPFO interest update: When will 8.25% EPF interest be credited to subscribers accounts?
Bitcoin treasury firms shed $62 billion in deepening crypto rout
Bitcoin has dropped about 14% this week to trade around four-month lows
NFO Alert: 360 ONE Mutual Fund launches Equity Ex-Top 100 Long-Short Fund under its SIF segment Dyna
360 ONE Mutual Fund has launched the DynaSIF Equity Ex-Top 100 Long-Short Fund, an open-ended strategy focused on mid and smallcap equities for long-term capital appreciation. The fund allows limited short exposure through derivatives, aiming to generate alpha across market cycles. The NFO is open until June 19.
RBI announces five measures to attract dollars
Move comes in the face of the rupee coming under pressure amid the West Asia war, spike in crude oil prices and FPI-related dollar outflows from the Indian equity markets
Around 16 equity mutual funds delivered impressive returns over the last five years. These funds multiplied investors' lumpsum investments by over 2.3 times. Motilal Oswal Midcap Fund led the pack, more than doubling initial investments. Other top performers included Bandhan Small Cap Fund and Nippon India funds. This analysis highlights significant growth opportunities in select equity mutual funds.
RBI keeps repo rate unchanged at 5.25%, announces forex measures to attract dollars
RBI revises real GDP projection downward to 6.6% from 6.9% and ups retail inflation projection to 5.1% from 4.6% for FY27
The Reserve Bank of India has boosted investment limits for non-resident Indians, Overseas Citizens of India, and other individuals residing abroad. This move allows them to invest more in the Indian stock market without requiring SEBI registration. The enhanced limits offer greater flexibility for foreign investors looking to participate in India's financial markets.
RBI holds repo rate, but for how long will relief for home loan borrowers continue?
The RBIs decision to keep the repo rate unchanged at 5.25% has provided relief to home loan borrowers, but rising inflation could trigger future rate hikes and costlier EMIs. Borrowers can reduce interest burden through strategies such as home loan prepayments, paying an extra EMI annually, or refinancing at lower rates. These methods can save lakhs in interest and significantly shorten loan tenure.
RBI MPC Meeting 2026: Will FD interest rates increase as RBI holds repo rate?
Despite the RBI keeping the repo rate unchanged, several factors suggest banks may increase fixed deposit rates soon. Rising inflation, a high deposit-credit ratio, and attractive small savings schemes are pushing banks to offer better returns to attract investors after a period of low FD rates.
Rupee is falling: As an NRI, should you prepay your India home loan or keep the cash abroad?
Foreign investors pivot to short govt bonds ahead of policy turn
Bonds with maturities of less than five years made up over two-thirds of the top 10 notes foreign investors bought during March-May, higher than less than half of similar purchases in January-February, clearing house data showed.
Leadership exits highlight talent war in Indias GIFT City
Talent retention remains a hurdle for GIFT City despite its growing appeal to global firms
An NRI in Hong Kong faced an income tax dispute after withdrawing cash from his NRE account to give to his father. The father used this money to buy an insurance policy in his son's name, leading to an 'unexplained cash credit' notice. ITAT Mumbai ultimately ruled in favor of the NRI, finding his explanation of the funds' origin satisfactory.
Many salaried employees forget to transfer their Employees' Pension Scheme EPS service history when switching jobs. This is crucial even if their Employees' Provident Fund EPF balance is zero. Failing to do so can create gaps in pensionable service. This impacts future pension eligibility and the monthly pension amount.
HDFC mutual fund places limits on Gold ETF investments
HDFC Mutual Fund has placed restrictions on buying gold ETFs. This move affects large investors and limits monthly purchases for others. The fund house cites economic conditions and import duty discussions. Investors are encouraged to explore equity and debt funds for national growth. This aims to curb gold inflows and safeguard investors.
Neelkanth Mishra appointed Executive Director at the World Bank
Mishra is at present working as Chief Economist with Axis Bank
ICICI Bank receives SEBI warning over FPI fund repatriation lapse
The bank said SEBI issued the warning letter on June 1, 2026, which was received by the lender on June 2.
Fintech platform WeRize bags $7 million funding
The funding round was led by Sony Innovation Fund, with participation from existing investor 3one4 Capital.
Sundaram Home Finance plans to open 25 Emerging Business branches this year
These new branches will come up in tier-3 and -4 towns in Tamil Nadu, Karnataka, Andhra Pradesh and Telangana, the company said
PPFAS CIO Rajiv Thakkar said successful investing depends more on patience than frequent trading. He advised avoiding unnecessary selling, profit booking and reactionary decisions, while exiting only for capital needs, mistakes, fraud, structural disruption, extreme valuations or better opportunities.
Now easier to enrol for NPS: Pension body launches StAR NPS for online onboarding
The Pension Fund Regulatory and Development Authority has launched a new digital platform called StAR NPS. This platform, developed by BSE Technologies, allows Points of Presence to onboard National Pension System subscribers digitally. The process includes electronic data collection and KYC verification. Subscribers can make their first contribution through the platform, leading to PRAN generation.
HDFC Mutual Fund restricts lumpsum subscriptions in its gold ETF and fund of fund
HDFC Mutual Fund has temporarily restricted lumpsum investments in HDFC Gold ETF and HDFC Gold ETF Fund of Fund. The move limits large subscriptions and switch-ins, while existing scheme terms remain unchanged. The restrictions take effect from June 5 and June 8 until further notice.
BharatPe and YES Bank introduce BharatPe Flex, a new credit-on-UPI service. This facility allows eligible users to make UPI payments even without immediate funds. Customers enjoy up to 45 days of interest-free credit. They can repay in full or opt for flexible EMIs from 3 to 12 months.
NFO Alert: Motilal Oswal Mutual Fund launches BSE Clean Environment Index Fund
Motilal Oswal Mutual Fund has launched the Motilal Oswal BSE Clean Environment Index Fund, an open-ended scheme tracking India's first diversified clean economy index. The NFO, open from June 5 to June 19, offers passive investment in five transformative themes: Renewables, EVs, Water Treatment, Recycling, and Waste Management, aiming for long-term capital appreciation.
Helios Capital founder Samir Arora believes investor pessimism toward India is driven more by a negative halo effect than weakening fundamentals. Speaking at the ET Alpha Wealth Summit, he argued that concerns around AI, valuations and FII selling are overstated, while Indias long-term earnings and growth story remains intact.
Central Bank of India expects over 3,500 cr recovery from bad loans in FY27
The bank had made total recovery of 3,307 crore during financial year ended March 2026
Reliance traders said to game plan in case RBI raises rates
One proposal suggests shifting Reliances cash from liquid mutual funds to short-dated money market instruments, sources say
Rs 1 lakh investment in NSC: What will be maturity value after 5 years?
National Savings Certificate provides a secure investment option. With a 7.7% interest rate, a Rs 1 lakh investment grows to over Rs 1.44 lakh in five years. Tax deductions are available under Section 80C for those following the old tax regime. NSC accounts can be transferred in specific situations.
Residential property prices in Gurgaon have surged by 18.4% in the past year, reaching Rs 16,249 per square foot. This significant increase is attributed to the upcoming Gurgaon Greater Southern Peripheral Road (GSPR) and associated infrastructure upgrades, positioning the area as a prime real estate hotspot.
He believes a combination of free trade agreements (FTAs), a weakening rupee, and shifting global supply chains could create a massive opportunity for Indian exporters over the coming decade.
Gold prices saw a slight dip on Thursday, June 4, 2026, following news of a ceasefire agreement between Israel and Lebanon. This diplomatic development sparked optimism for broader progress, potentially impacting the Iran dispute. Major jewelers like Tanishq, Kalyan Jewellers, Joyalukkas, and Malabar Gold & Diamonds reported marginal decreases in 22k gold prices compared to the previous day.
DSP Mutual Fund CEO Kalpen Parekh advised investors to seek future alpha in out-of-favour areas, not recent winners. He emphasized that market leadership rotates and diversification across asset classes can reduce volatility without sacrificing long-term returns, urging a focus on neglected opportunities.
NPS-Lite subscribers can now withdraw their entire accumulated pension wealth up to Rs 2 lakh as a lump sum, the Department of Posts announced. PFRDA's revised regulations offer enhanced flexibility, allowing this option for smaller corpus amounts. This move aims to simplify withdrawals for eligible subscribers, particularly those not auto-migrating to Atal Pension Yojana.
Visa signs Shah Rukh Khan, launches Infinitely More campaign targeting Indias affluent consumers
Visa launched Visa.co.in, a platform offering curated lifestyle benefits and rewards for eligible cardholders
8 smallcap funds struggled with consistency in the last 5 years. Do you own any?
Eight smallcap mutual funds showed low five-year performance consistency, according to CRISP Scorecard, with varied risk profiles, investment styles, and moderate returns across LIC MF, ICICI Prudential, SBI, and Kotak funds.
Money market volumes hit record high as bank lending booms
Value of trades in tri-party repurchase segment hit all-time high of 5.5 trillion rupees on May 13 and has stayed elevated since
J&K Bank wins Finacle award for AI-driven analytics platform
The award was presented in the category Modern Technologies-led Innovation Data Insights & Analytics Platform at a ceremony organised by Infosys Finacle in Mumbai
Loan recovery agent harassing you? Know these 6 borrower rights that can protect you
MF Tracker: Can ICICI Prudential Multicap Fund sustain its strong track record in a volatile market?
ICICI Prudential Multicap Fund has demonstrated a decade of positive calendar year returns, with 2021 and 2023 yielding the highest gains. The fund's consistent performance is attributed to its disciplined multicap structure and strategic sector allocation, as highlighted by fund managers and financial experts.
Best mid cap mutual funds to invest in June 2026
Mid cap mutual funds have seen a strong rally, leading to investor anxiety about current valuations. While these funds offer potential for high returns, they also carry significant risk due to volatility and corporate governance concerns.
SGBs vs mutual funds: The tax difference could mean lakhs more in your pocket
What tech companies won't tell you about hiring after 40? What to do if laid off at work
The RBI is widely expected to keep the repo rate unchanged at 5.25% in the June 5 MPC meeting despite concerns over rising fuel prices, a weaker rupee and geopolitical tensions. Experts believe FD rates are unlikely to rise soon as liquidity conditions, credit growth and deposit growth have stabilised. Most analysts see little chance of an immediate repo rate hike, suggesting FD investors may have to wait longer for any meaningful increase in fixed deposit interest rates.
Wealth wisdom of the day: Working for money is not the key to wealth; it should be the other way around, is what Robert Kiyosaki suggests - The poor and the middle class work for money. The rich have money work for them. But theres something even more important than making more money how much you keep.
ADB and Standard Chartered partner to boost supply chain finance in India
The partnership includes a GIFT City-based facility for dollar-denominated transactions and a partial guarantee mechanism for domestic rupee transactions
Waiting for Form 16? Heres when employers may issue it for AY 2026-27 ITR filing
Salaried employees await Form 16 for Assessment Year 2026-2027. Employers must issue this crucial tax document by June 15, 2026. This form simplifies Income Tax Return filing. Those without Form 16 can still file using salary slips, Form 26AS, and bank statements. The deadline for filing ITR for this period is July 31, 2026.
Big news for UK renters. From May 1, 2026, landlords can no longer use rent review clauses to hike rents. They must now follow a specific legal process. This change aims to prevent unfair rent hikes and backdoor evictions. Tenants can challenge proposed increases if they seem too high.
UPI acceptance at QR-code merchants goes live in Cambodia
The initiative marks the first phase of collaboration between NPCI International Payments Limited and Acleda Bank Plc. and is aimed at promoting seamless, secure, real-time cross-border merchant payments while reducing reliance on cash and cards
Manufacturing sector emerges as key structural play amid global supply chain shift
Investors can explore manufacturing mutual funds for portfolio diversification. The sector shows strong potential driven by domestic demand and global supply chain realignments. Experts suggest a staggered investment approach over six months. The Nifty Manufacturing Index offers distinct exposure compared to the Nifty 50. This theme is poised for growth, supported by policy and evolving global needs.
RBI cancels 182-day, 364-day treasury bill sale, traders interpret move as rate signal
This is the second time in less than three months that RBI has cancelled a treasury bill sale
Karnataka Bank enables digital EPF payments
Strong banks require capital and technology; they also require judgment, governance, accountability and institutions that learn.
No major impact of West Asia conflict on asset quality so far: SBI Chairman
Credit demand seems to be robust across sectors, he said
Rate pause by RBI will support growth stability: SBI Chairman
A pause will definitely help us stabilise in terms of ensuring that smooth growth rates are achieved, Setty said
PNB customer alert: PSU bank suspends MasterCard network activity linked to Russia
Punjab National Bank customers using MasterCard for international transactions face continued suspension of services linked to Russia. This action aligns with global sanctions. The bank also announced the discontinuation of complimentary airport lounge access for its MasterCard Platinum Debit Cardholders from June 1, 2026. New fixed deposit rates are effective from the same date.
RBI's rate-setting panel starts deliberations, policy announcement on Friday
The RBI's Monetary Policy Committee (MPC) began its three-day meeting on Wednesday, with most economists expecting the central bank to keep the repo rate unchanged at 5.25% when it announces its decision on June 5.
New fund offers: 4 mutual funds and 1 SIF are open for subscription. Check details
Four mutual fund NFOs and one SIF are currently open for subscription, offering exposure to smallcap, large & midcap, and factor-based strategies. Investors should align selections with goals and risk appetite.
Scale of financing required by India over the coming decades is unprecedented: SBI chief
These investments will be required across infrastructure, manufacturing, energy transition, urban development, MSMEs and innovation, Setty said at the Citi Investor Conference
Franklin India Dividend Yield Fund delivered exceptional returns. A Rs 10,000 monthly investment since inception grew to over Rs 1.2 crore in 20 years. The fund's AUM also crossed Rs 2,300 crore. It follows a dividend yield strategy, investing in companies with consistent payouts. This approach aims for steady compounding and downside protection.
Gold prices held steady across major Indian jewellers on June 3, 2026, despite global market jitters. However, the IBJA reported a dip in its indicative rates. Geopolitical tensions and potential US interest rate hikes are influencing investor sentiment, while India's tightened silver import rules add another layer to market dynamics.
Bank lending in India hits two-year high as firms skip bonds
Rising benchmark yields have lifted corporate borrowing costs, dampening companies appetite for debt sales, even as the RBI is widely expected to keep its policy rate unchanged on Frida
Want to invest in mutual funds through SIPs? Check which of these 8 variants suits you best
SIPs offer multiple investment options, including regular, top-up, flexi, perpetual, trigger, goal-based, step-up, and multi-SIPs. Choosing the right SIP depends on financial goals, risk appetite, cash flow, and market understanding.
Anxious with news of RBI selling gold? Here's the fact and what should you do
India's gold reserve: Reports of the Reserve Bank of India selling gold have been debunked by the central bank and the PIB Fact Check team. The RBI confirmed its physical gold stock remains steady at 880.52 tonnes. While the quantity has been stable, the value of gold reserves has significantly increased due to rising global prices, offering reassurance to investors.
Can a 1 crore NPS corpus generate more than 1 lakh per month? What the new RIS framework offers
Retirees now have a new way to manage their National Pension System (NPS) corpus, offering flexibility and potential for growth. The Retirement Income Scheme (RIS) allows keeping savings invested post-retirement, generating regular income through Systematic Payout Rate (SPR) or Systematic Unit Redemption (SUR) options. This approach balances market exposure with risk management, aiming for sustainable income over long retirements.
Every mutual fund offers positive XIRR on SIP investments in 5 years. Did you exit too soon?
Equity mutual funds delivered positive returns on Systematic Investment Plans over the past five years. Many funds provided double-digit XIRR. HSBC Midcap Fund and Bandhan Small Cap Fund led with over 20% XIRR. This analysis highlights strong SIP performance across various fund categories. Investors saw significant growth on their regular investments.
Employee bodies from Jammu & Kashmir have urged the 8th Pay Commission to adopt a fitment factor between 2.86 and 3.68, which could raise the minimum basic pay from Rs 18,000 to Rs 51,480Rs 66,240. They also sought pension parity, DA merger, improved HRA, healthcare, tax relief, career progression, and special consideration for employees serving in remote, border and hardship areas.
DA hike: Will government employees get a 3% increase this June? What new data reveals
SBI Card to revise reward point benefits on these credit cards from July 1, 2026; check details
SBI Card is revising reward point programs for PhonePe SBI Credit Cards, effective July 1, 2026. Both PURPLE and SELECT BLACK cardholders will face new monthly caps on reward points for PhonePe and online spends. Additionally, the SELECT BLACK card will exclude several transaction categories from earning rewards.
