Pharma companies reported a pickup in export demand as countries sought to replenish medicine inventories, while packaged food makers said supplies are normalising, with distributors willing to absorb higher freight costs to avoid shortages.
Read More
Banks have largely exited Indian rupee arbitrage trades. The Reserve Bank of India imposed limits on onshore positions to curb volatility. These measures targeted arbitrage trades between onshore and non-deliverable forward markets. Most of these positions have now been unwound.…
Read More
The CBI has taken over the investigation into a Rs 550 crore embezzlement case from Haryana government accounts. Funds were allegedly siphoned off through fraudulent banking operations and fictitious transactions. Shell entities and associated firms are under scrutiny. The Haryana…
Read More
Markets are not signalling confidence in recovery; they are signalling uncertainty about it. Historically, post-conflict rallies tend to be sharp but short-lived, with nearly 30 to 40 per cent of initial gains retraced if macro clarity does not follow. So…
Read More
India possesses strong economic buffers to manage the current global energy shock. High foreign exchange reserves, fiscal space, and low inflation provide support. The World Bank notes India’s resilience, expecting it to remain a strong performer among emerging markets. Domestic…
Read More
The Indian rupee experienced a slight decline on Thursday. Higher oil prices, driven by concerns about the U.S.-Iran truce, impacted local stocks and bonds. Regional markets also faced pressure. Israel’s actions in Lebanon further jeopardized the Middle East ceasefire. Iranian…
Read More