The Indian government has approved the National Critical Mineral Mission (NCMM) with an allocation of ₹16,300 crore, alongside an expected investment of ₹18,000 crore from public sector enterprises. The mission aims to achieve self-reliance in critical minerals and accelerate the country’s green energy transition. These minerals are essential for clean energy technologies, including electric vehicles, …
On January 30, 2025, the Indian rupee traded at 86.58 to the U.S. dollar, reaching an intra-day high of 86.72. This movement came after the U.S. Federal Reserve expectedly kept interest rates unchanged. Federal Reserve Chair Jerome Powell stated that there would be no rush to cut rates again, influencing market sentiment. The 1-month non-deliverable …
The Indian rupee weakened by 26 paise to 86.60 against the US dollar in early trade on Wednesday, as global risk appetite took a hit following renewed concerns over trade tariffs under U.S. President Donald Trump. The broader risk-off sentiment, coupled with a decline in Asian currencies, contributed to the rupee’s depreciation. Global Market Pressures …
Over the past decade, India has experienced rapid digitalisation, positioning itself as a global leader in the digital economy. Understanding the role of digitalisation in driving economic growth, employment, and sustainable development is crucial for both policymakers and the private sector. According to the State of India’s Digital Economy Report 2024, India ranks as the …
On January 24, 2025, the Indian rupee opened at 86.32 and fluctuated between a high of 86.30 and a low of 86.52 during the session, pressured by the strengthening American currency and a continued outflow of foreign funds Dollar Index Trades Lower The dollar index, which measures the greenback’s strength against a basket of six …
Reserve Bank of India (RBI) Governor Sanjay Malhotra expressed concerns about the increasing number of digital fraud cases. During his first meeting with the managing directors and CEOs of public and private sector banks after assuming office, he stressed the importance of building robust and proactive systems to combat such threats. Strengthening Oversight and Customer …
The Indian rupee depreciated by 33 paise to 86.55 against the US dollar in early trade on Tuesday, January 28, 2025, weighed down by the strength of the dollar in the overseas market and a muted trend in domestic equities. At the interbank foreign exchange market, the rupee opened at 86.45 and later slipped to …
Reliance Industries Limited (RIL), India’s largest conglomerate, has signed a Memorandum of Understanding (MoU) with the Maharashtra government to invest ₹3.05 lakh crore across multiple sectors. The investment, which spans new energy, retail, hospitality, and high-tech manufacturing, is expected to generate 3 lakh employment opportunities in the state. The agreement was formalised during the World …
The countdown for the Union Budget 2025 has begun. Finance Minister Nirmala Sitharaman will present the budget in Parliament on February 1, 2025, continuing the long-standing tradition. Despite some concerns about the date falling on a Saturday, previous budgets have also been presented on Saturdays. Stock Market will be Open on Budget Day The stock …
On January 27, 2025, the Indian rupee traded at 86.31 to the U.S. dollar, briefly touching an intra-day high of 86.30. The 1-month non-deliverable forward market indicated that the rupee would open near 86.30 compared to Friday’s close of 86.2050, reflecting subdued investor sentiment. Weekly Performance and Relief Rally Last week, the rupee posted a …
