In the preceding quarter, the current account had recorded a deficit of $2.4 billion ot 0.2 per cent of GDP
RBI has released the December 2025 bank holiday list, detailing when the banks will be closed across states for regional and national festivals
India's economy grew 8.2 per cent year-on-year in July-September, accelerating from the 7.8 per cent growth reported in the previous quarter, data on Friday showed
Gold prices are poised to remain firm and could edge closer to record highs next week as investors await key US data, Federal Reserve Chair Jerome Powell's speech and the Reserve Bank of India's policy decision, analysts said. "Gold moves out of the consolidation range as investors focus on the manufacturing and services PMI data from across regions, US jobs data, and consumer sentiments," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. "Adding to that would be Fed chair Jerome Powell's speech on Monday, developments over the Russia-Ukraine peace talks and RBI policy meeting on Friday, all of which will be closely monitored by traders," he added. On the Multi Commodity Exchange (MCX), gold futures for the February 2026 contract climbed by Rs 3,654, or 2.9 per cent, over the past week to close at Rs 1,29,504 per 10 grams on Friday. In the domestic markets, "rupee's weakness and local demand have been a significant contributor to ...
Move aims to ease compliance burden for regulated entities
Seasonality, a fundamental component of economic data alongside trend and cyclical movements, reflects recurring patterns arising from weather, production cycles, holidays and institutional behaviour
Traders attributed at least part of the slide to the RBI's reluctance to intervene, breaking with the practice of recent months as the currency weakened largely due to an elusive trade deal with US
These comments come a week ahead of the meeting of the six-member monetary policy committee that starts from December 3. The decision in the meeting will be announced on Friday, December 5
The assessment is based on abridged financial results of 3,118 listed non-government, non-financial firms.
The fiscal, monetary, and regulatory measures undertaken so far this year will pave the way for a virtuous cycle of higher private investment and growth, leading to long-term economic resilience, the RBI bulletin said on Monday. The Indian economy showed signs of a further pick-up in momentum, despite continuing global headwinds, said an article on 'State of the Economy' published in the November bulletin. "Available high-frequency indicators for October suggest a robust expansion in both manufacturing and services activities, supported by festive season demand and the ongoing positive impact of the GST reforms," it said. Inflation has moderated to a historic low and remained well below the target rate, it said, adding that financial conditions remained benign, and the flow of financial resources. "The fiscal, monetary, and regulatory measures undertaken so far this year should pave the way for a virtuous cycle of higher private investment, productivity, and growth, leading to ...
PSU NBFCs Nabard, Sidbi, PFC and IRFC will raise up to ₹24,000 crore next week as issuers rush to lock in funds ahead of the RBI's December policy review amid expectations of firming yields
The RBI has extended export credit timelines, eased repayment norms and allowed flexibility in realising proceeds to help exporters cope with disruptions triggered by US tariff action
Credit card spending surged in September 2025 on strong festive demand and GST rationalisation, with private lenders such as HDFC Bank and ICICI Bank leading the growth in per-card spends
Bond mkt expects OMO calendar in Dec policy review
As deposit growth lags credit expansion, Indian banks face shrinking low-cost Casa inflows, rising funding costs, and structural shifts driven by UPI, e-Kuber, and digital savings trends
He said that in a truly competitive market, banks might have sought to recover these additional costs from fintechs, but doing so could have slowed the pace of technological adoption.
RBI Deputy Governor Swaminathan J said regulators should coordinate to reduce overlaps and close gaps without hindering innovation, calling for proportional and outcome-based regulation
Govt banks stay away from auction
As per the state-wise holiday list for 2025-2026, the RBI has designated 5 bank holidays for November 2025. In India, bank holidays might vary per regional, national, or religious celebrations
As of the end of September, the RBI held 880 tonnes of gold, of which 576 tonnes were stored domestically - an all time-high