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By Pratiksha After a weak run last month, the rupee may take a breather and settle broadly unchanged from the current level at the end of August as the Reserve Bank of India is likely to keep the domestic currency from depreciating in the face of sustained foreign portfolio outflows and a strong dollar index. Read more
By Aaryan KhannaThe lack of a sizzle out of the Reserve Bank of India's Monetary Policy outcome next week is likely to keep bond yields adrift near current levels by the end of August. Consistent bond supply may prevent yields from coming down quickly, but a sharp rise is also not expected as the 10-year yield offers an attractive return over banks' cost of funding. Read more
The government expects to shortlist by March the final bidder to whom it will sell its stake in IDBI Bank, Divestment Secretary Arunish Chawla said. The government will invite financial bids after October and hopes to get them by December, Chawla added. Read more
By Cassandra Carvalho Overnight indexed swap rates ended steady in thin trade Friday due to caution ahead of the US employment report for July, dealers said. Data released after market hours showed non-farm payrolls in the US were 73,000 in July. Consensus estimates from The Wall Street Journal expected non-farm payrolls at 100,000, up from 147,000 in June. Unemployment rose to 4.2% in July from 4.1% the previous month, in line with expectations. Read more
Amidst the rising diatribe against India from US President Donald Trump, the Indian government Friday expressed optimism that relationships between the two countries will improve, given the fact that they have weathered many storms before. The relationship between the two nations will grow further under the proposed Bilateral Trade Agreement, External Affairs Spokesperson Randhir Jaiswal said at a media briefing. Read more
India's goods and services tax collections grew 7.5% on year to INR 1.957 trillion in July, data released by the government Friday showed. Sequentially, GST collections were up 6% from June. At INR 1.85 trillion, June's on year growth of 6.2% was the slowest pace in four years. Read more
By Krity Ambey The reciprocal tariff imposed by the US may bring India's total exports below $400 billion for the first time in four years in the current financial year and pose a downside risk of at least 20 basis points to economic growth, according to experts. Washington will start collecting 25% duty on Indian goods from Aug. 7. Read more
By Priyasmita Dutta and Sagar SenThe government is planning to sell around 2-2.5% of its 96.5% stake in the Life Insurance Corp. of India in 2025-26 (Apr-Mar) to comply with the minimum public shareholding norms, a senior finance ministry official said Thursday. The government has to lower its stake in the insurance behemoth by 6.5% by May 2027. Read more
India's manufacturing sector activity expanded at the highest pace in 16 months in July, with the HSBC India Manufacturing Purchasing Managers' Index rising to 59.1 last month from 58.4 in June, S&P Global said on Friday. "Manufacturing sector conditions in India continued to strengthen in July, with the HSBC PMI climbing to a 16-month high due to faster increases in new orders, output and stocks of purchases," the report said. "Firms bought extra inputs to broadly the same extent as in June, however, whilst job creation receded to the weakest since November 2024. Meanwhile, business confidence retreated to its lowest level in three years," it added. Read more
By Ashutosh Pati Crude oil prices are expected to remain in a broad range in August with a positive bias as market participants navigate concerns about demand, a potential supply hike by the Organization of the Petroleum Exporting Countries and its allies, and possible supply disruptions arising from US President Donald Trump's threats to Russia. Read more
