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Share Tweet Share Share Email India’s attitude towards cryptocurrencies has been a topic of debate and shift over the past ten years. The legal status of cryptocurrencies in India is complex and very dynamic, as in the case of March 2025, it is currently in a stage marked by regulatory developments, taxation policies, and technological advancements. Background Information The 2018 move was that of Reserve Bank of India (RBI) prohibition on all banks accepting cryptocurrency transactions, in consideration of the apprehension over financial stability and criminal uses. The...

Gold prices fell in India on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 8,308.97 Indian Rupees (INR) per gram, down compared with the INR 8,321.84 it cost on Tuesday. The price for Gold decreased to INR 96,914.88 per tola from INR 97,064.31 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 8,308.97 10 Grams 83,090.28 Tola 96,914.88 Troy Ounce 258,438.20   Daily digest market movers: Gold price underpinned by high inflation expectations The US 10-year T-note yield is down three...

Amid concerns over U.S. President Donald Trump’s hard-hitting tariff policy, diversified Indian financial services company Motilal Oswal has suggested that India could strengthen its domestic industries and ramp up local production. Trump has a history of imposing heavy tariffs on India, including 25% on steel and 10% on aluminum imposed in 2018. The tariffs had an inimical effect on India’s trade with the U.S., with steel exports plunging 46% one year after the tariffs were announced.Meanwhile, India’s heavy reliance on oil imports leads to huge capital outflows and a weaker...

Mt. K Kapital, a leading Mumbai-based real estate investment platform, is gearing up to launch its second fund with an impressive corpus of Rs 2,500 crore. The initiative aims to finance housing projects across significant Indian cities, expanding from its previous successful ventures.With its first fund closing at Rs 790 crore, approximately 50 percent of which has been deployed in five projects within the Mumbai Metropolitan Region, the company is ready to make a larger impact. These projects are being developed by Keystone Realtors Ltd under the well-known 'Rustomjee'...

The Indian Rupee gains ground in Monday’s Asian session.  Fresh foreign and USD inflows support the INR.  The preliminary readings of the India HSBC PMI and US S&P Global PMI reports will be the highlights later on Monday. The Indian Rupee (INR) trades stronger on Monday after closing its strongest in over two months. Positive domestic equities and fresh foreign fund inflows could provide some support to the Indian currency. Additionally, the US Dollar (USD) inflows help mitigate the impact of the decline in Asian peers. Nonetheless, a rebound in Crude...

Amid Indian equity market seeing massive outflows, Overseas Direct Investments (ODI) by Indian institutions and individuals in April-January period of the current fiscal has exceeded the total of the last fiscal by 15 per cent. Experts feel that besides displaying India Inc’s strategic ambitions, it shows that the next cycle of growth may not be led by emerging economies.Data from Finance Ministry shows ODI in April-January touched $16,364 million as against $14,234 million of full fiscal last fiscal. The growth was led by financial, insurance, and business services sectors (39...

India has reaffirmed its engagement with BRICS while making it clear that it is not part of any initiative to undermine the US dollar. This comes in response to US President Donald Trump’s latest warning of a 100% tariff on imports from BRICS nations if they pursue a common currency.External Affairs Minister S. Jaishankar, in a statement to Parliament, emphasised India’s role as a founding member of BRICS, highlighting the bloc’s focus on inclusive global governance. However, he clarified that India does not support any move within BRICS to reduce...

Gold prices fell in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 8,409.45 Indian Rupees (INR) per gram, down compared with the INR 8,447.88 it cost on Thursday. The price for Gold decreased to INR 98,085.98 per tola from INR 98,534.41 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 8,409.45 10 Grams 84,093.86 Tola 98,085.98 Troy Ounce 261,563.30   Daily Digest Market Movers: Gold price is pressured by modest USD strength; downside potential seems limited The US Dollar...

In a significant move towards enhancing economic ties, India and Mauritius announced an agreement to enable trade using local currencies. A Memorandum of Understanding (MoU) was struck between the two nations' central banks to promote trade in the Indian Rupee (INR) and the Mauritian Rupee (MUR).The MoU, formalized on March 12, 2025, in the presence of Prime Minister Narendra Modi and his Mauritian counterpart Navinchandra Ramgoolam, will establish the INR-MUR Local Currency Settlement (LCS) System. This system aims to minimize dependence on hard currencies in cross-border transactions, as confirmed...

Reserve Bank of India and Bank of Mauritius sign MoU to promote the use of Indian Rupee and Mauritian Rupee for cross-border transactions, aiming to optimize costs and settlement time.Mumbai, Mar 18 (PTI) Reserve Bank and the Bank of Mauritius (BOM) have signed a pact for establishing a framework to promote the use of the Indian Rupee and the Mauritian Rupee (MUR) for cross-border transactions.The Memorandum of Understanding (MoU) was signed by RBI Governor Sanjay Malhotra and BOM Governor Rama Krishna Sithanen G C S K, the central bank said...