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Gold prices rose in India on Monday, according to data compiled by FXStreet. The price for Gold stood at 9,010.69 Indian Rupees (INR) per gram, up compared with the INR 8,998.38 it cost on Friday. The price for Gold increased to INR 105,098.90 per tola from INR 104,955.30 per tola on friday. Unit measure Gold Price in INR 1 Gram 9,010.69 10 Grams 90,107.03 Tola 105,098.90 Troy Ounce 280,269.10   Daily Digest Market Movers: Gold price gains momentum on increased optimism of a Fed rate cut “The slowdown in geopolitics...

Despite stabelcoins’ role here as well as in bridging the gap between traditional financing and crypto trading, RBI remains cautious of stablecoins | Photo Credit: hocus-focus Indian crypto investors are taking a keen interest in stablecoins which accounted for over 25 per cent of spot trading volume on crypto platforms like Coinswitch in the first four months of calendar 2025. Stablecoins offer a relatively stable entry and exit point in crypto markets for users, pegged to real-world assets like the US dollar, euro, or gold and offer price stability that...

India's external debt rose significantly by 10 per cent, reaching USD 736.3 billion at the close of March 2025, compared to USD 668.8 billion in the previous year, as stated by the Reserve Bank of India (RBI) on Friday.This increase boosted the percentage of external debt to GDP, which now stands at 19.1 per cent, up from 18.5 per cent a year ago. The RBI highlighted a 'valuation effect' driven by the appreciation of the US dollar, adding USD 5.3 billion. Without this effect, external debt would have risen...

Asian stock markets advanced broadly at Friday’s open, with a key gauge of global equities on track for another record high, as calming geopolitical concerns and rising expectations for US Federal Reserve interest-rate cuts this year fueled investor optimism. Trading desks across Asia are buzzing with excitement again, as the region appears to be shaking off recent tariff shocks and once again attracting investors with its solid growth prospects.The positive momentum in Asia-Pacific markets largely tracked gains seen on Wall Street. This followed comments from White House spokesperson Karoline Leavitt,...

Asian stock markets presented a mixed picture on Thursday, with Japanese equities climbing to a four-month high while other regional indices stuttered. Investors are navigating a complex landscape of geopolitical, economic, and fiscal uncertainties as they brace for US President Donald Trump’s fast-approaching deadline on tariffs. A fragile ceasefire between Israel and Iran has provided some market relief, but attention is shifting to US policy and its potential impact on global markets.Markets have been somewhat soothed by a ceasefire between Israel and Iran that appears to be holding, for now....

The Indian Rupee gains further to near 85.80 against the US Dollar amid a positive market mood.Oil prices are likely to fall further if Israel and Iran keep to the truce.Fed’s Powell reiterates that the central bank needs more clarity on tariffs before reducing interest rates.The Indian Rupee (INR) extends winning streak against the US Dollar (USD) for fourth trading day on Wednesday, posts a fresh weekly high around 85.80. The USD/INR pair slides further as the Indian currency strengthens on expectations that the Oil price could decline further, following...

Some of emerging Asia’s biggest central banks look to be dialling back their interventions in the currency market.The central banks of India and Malaysia have reduced the size of some derivatives positions they use to weaken their currencies. Taiwan has allowed its currency to surge against the US dollar in recent weeks and dropped hints it would be comfortable with more if the moves were “orderly”. South Korea’s giant national pension fund has ended its five-month support of the won.A major reason for these moves is a simple change in...

The Indian Rupee slumps to near 86.85 at open against the US Dollar as rising crude prices have battered the former.Iran threatens to close the Strait of Hormuz following the US attack on Tehran’s nuclear facilities.Fed’s Waller supports reducing interest rates in the July policy meeting.The Indian Rupee (INR) opens on a bearish note against the US Dollar (USD) and jumps to near 86.85 at the start of the week. Investors were bracing for a significant negative opening of the USD/INR pair, following the risk-off market sentiment and a sharp...

India's foreign exchange reserves have surged, showing a notable increase of USD 2.294 billion, bringing the total to USD 698.950 billion as of the week ending June 13, according to official figures from the Reserve Bank of India.During the recent monetary policy meeting, RBI Governor Sanjay Malhotra assured that this significant forex reserve is sufficient to cover 11 months of imports and approximately 96% of India's external debt. The reserves are approaching the all-time high mark of USD 704.89 billion recorded in September 2024.RBI data highlights that the foreign...

India's foreign exchange reserves are back on the rise—and they're inching closer to the $700 billion milestone once again. According to data released by the Reserve Bank of India (RBI) on Friday (June 20), forex reserves jumped by $2.294 billion to reach $698.95 billion for the week ended June 13.This follows a strong $5.17 billion increase in the previous week ended June 6, taking the reserves up from $691.48 billion to $696.65 billion. India's reserves are now just $6 billion shy of their all-time high of $704.885 billion, recorded at...