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Category India News

India’s Central Bank Sold $7 Billion in a Day to Stop the Rupee’s Slide

India’s Central Bank Sold $7 Billion in a Day to Stop the Rupee’s Slide

In Brief RBI sold about $7 billion last Friday in one of its biggest interventions in months. The rupee has dropped 5.87% against the dollar in 20...
Indian Equities Draw $1.3 Billion in Biggest Weekly Foreign Buy Since June 2025

Indian Equities Draw $1.3 Billion in Biggest Weekly Foreign Buy Since June 2025

In Brief Global funds bought $1.3 billion of Indian equities in the week through July 9. Goldman Sachs says foreign selling is over and sees room ...
India’s Largest Private Bank Lost Over 3,000 Employees to AI

India’s Largest Private Bank Lost Over 3,000 Employees to AI

In Brief HDFC Bank's workforce declined by 3,343 as it focuses on automating operations. Non-supervisory roles fell over 8,000 to 162,797, hitting...
India Gold Discounts Widen to $19 as China Buying Streak Hits 20 Months

India Gold Discounts Widen to $19 as China Buying Streak Hits 20 Months

In Brief Indian dealers cut gold prices by up to $19 an ounce this week. China's central bank added 480,000 ounces of gold in June. Hong Kong laun...
India’s Central Bank Renews Push to Keep Crypto Out of the Financial System

India’s Central Bank Renews Push to Keep Crypto Out of the Financial System

In Brief India's central bank wants the country's cryptocurrency policy to lean towards prohibition. It urged barring banks from any exposure to c...