Market News
Stay updated with the latest market trends, earnings, and economic indicators.
How markets are likely to react to RBI's interest rate and policy guidance
While a majority of economists expect the central bank to keep rates unchanged, some market indicators like overnight indexed swaps are already pricing in a rate hike
Central Bank of India appoints Vivek Kumar as CFO
Central Bank of India has appointed Vivek Kumar, General Manager (Finance & Accounts), as the chief financial officer (CFO) of the bank for a period of three years with effect from 3 June 2026.
RBI dismisses reports of gold sale, says holdings unchanged at 880.52 tonnes
In a statement, the RBI said reports in certain sections of the media regarding the sale of gold by the central bank were "not correct". It added that its physical stock of gold remains unchanged at 880.52 tonnes.
RBI MPC meeting begins today: Will RBI announce a rate hike as Middle East conflict threatens to drive inflation?
According to wealth management firm DSP Mutual Fund, the central bank is unlikely to announce a rate hike, instead, the bank is likely to follow a step-by-step sequence before pulling the trigger on rates to defend the currency.
RBI denies report of $12 billion gold sale, says holdings unchanged
The Reserve Bank of India has refuted claims of selling gold reserves. Reports suggested a sale of approximately $12 billion in gold. The RBI stated its physical gold stock remains unchanged at 880.52 tonnes. These reports are inaccurate, according to the central bank. The RBI's stance clarifies its position on its gold holdings.
Gold overtakes US treasuries as the world's top reserve asset. Here's why central banks are buying more bullion
Gold tops global reserves as ECB reports record central bank and Tether gold buying, highlighting geopolitics, sanctions risks and a shifting world order.
Banks flag bad loans, rising fraud in SHGs
Banks are flagging increased fraud and loan defaults within self-help groups. To combat this, lenders are suggesting mandatory unique registration numbers for groups and their members. A central registry for cross-verification is also proposed. This aims to improve transparency and track loan exposures effectively. The government is already monitoring SHG-bank linkages.
Generali Central Life Insurance aims to double business to Rs 2,000 cr in 3 years
Generali Central Life Insurance plans to double its business to Rs 2,000 crore in three years. The company will leverage its partnership with Central Bank of India and agency networks. New product launches are also planned. An AI-driven platform, Digital Smart Manager, will assist customers and advisors. The insurer recently declared a bonus of Rs 102.54 crore for FY26.
Rupee opens 7 paise lower at 95.06 against US dollar
The Indian rupee opened at 95.06 against the US dollar, weakened by crude oil price volatility and foreign investor selling. Despite nearly $25 billion in outflows, the rupee has remained stable due to central bank interventions. Market focus now shifts to RBI policy and US-Iran negotiations.
Fed’s Powell warns politicizing central bank would erode public trust By Investing.com - Investing.com India
Fed’s Powell warns politicizing central bank would erode public trust By Investing.comInvesting.com India
South Korea’s export continues strong growth, backs central bank's hawkish stance
South Korea's exports surge over 60% in May on strong semiconductor demand, boosting GDP and trade surplus and backing Bank of Korea's hawkish stance and higher growth forecast
RBI set to hold rates on 5 June as war-driven inflation clouds outlook
A Mint poll of 10 economists suggests that the RBI is likely to maintain the policy repo rate at 5.25% this week. The repo (repurchase) rate is the rate at which the central bank lends money to commercial banks for short-term requirements, typically against government securities as collateral.