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A massive crypto heist, initially linked to North Korea, has unraveled a complex financial web connecting to Iran's central bank. Investigators discovered stolen funds moving through wallets associated with Iran's central bank before reaching CoinEx, a key exchange facilitating Iranian crypto users. This revelation underscores the growing role of digital assets in Iran and the challenges in monitoring cross-border transactions.
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India is actively seeking foreign currency inflows by encouraging its diaspora to deposit funds. Banks are now permitted to offer substantial leverage on these special foreign-currency deposits, with potential returns exceeding 6% and leveraged rates above 10%. This initiative aims to bolster foreign exchange reserves amidst global economic uncertainties and has the potential to attract over $80 billion.
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Gold price prediction today: A consistent rise in gold prices due to drop in oil prices is being constrained by hawkish outlook from central banks which are signalling a possible rate hike to keep inflationary pressures in check, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.
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The Reserve Bank of India actively intervened in the forex market, selling $8.944 billion in April to bolster the rupee. This follows similar actions in March, as the currency faced pressure from global tensions and investor outflows. However, the rupee showed signs of recovery in June, aided by policy measures and easing geopolitical concerns.
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Indian stock markets surged on Monday, with the Sensex and Nifty reclaiming key levels. This rebound was fueled by a dip in crude oil prices, substantial foreign fund inflows, and positive developments in US-Iran diplomatic talks. Heavyweights like Reliance and HDFC Bank led the recovery, boosting overall market sentiment and encouraging cautious optimism among investors.
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Stock market recommendations: Motilal Oswal Wealth Management Research Desk has picked State Bank of India (SBI), and Bharat Electronics as the top stocks to buy for the week starting June 22, 2026. Target prices and upside targets have been given:
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India continues to be the Asian Development Bank's top market for private sector investments. The ADB plans to inject approximately $1 billion in direct financing this year, aligning with India's development goals. This follows a significant $2 billion channeled into India's private sector last year. The bank will maintain this momentum, focusing on green energy, e-mobility, and urban infrastructure, while also boosting trade and supply chain finance.
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India's largest asset manager, SBI Mutual Fund, has secured Sebi's nod for its Rs 13,000 crore initial public offering. The upcoming share sale, an offer for sale by existing shareholders State Bank of India and Amundi India Holding, is slated for next month. This listing will bring the country's biggest fund house, managing nearly Rs 12.5 lakh crore in assets, to the stock market amidst robust retail investor interest.
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Emirates NBD's significant acquisition of a 60% stake in RBL Bank for Rs 26,015 crore signifies a strategic shift in India-UAE economic ties, moving beyond trade to capital and control. This move positions India as a core growth market for the Dubai-based lender, reflecting historical financial linkages and a desire to deepen the relationship with substantial capital.
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Funds linked to Indian clients in Swiss banks saw an 8% decline in 2025, totaling 3.25 billion Swiss francs. Despite an overall drop, direct customer account deposits surged over 50%. This follows a significant rebound in 2024, with the SNB clarifying data doesn't represent black money.
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India is in discussions with the World Bank and Asian Development Bank for approximately $2.5 billion in loans to support urban infrastructure and job creation. This move aims to bolster capital for government spending, which has been impacted by rising oil prices and increased subsidy expenditures due to the Middle East conflict.
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Top stock market recommendations: Bharat Electronics Ltd (BEL), Canara Bank, and TVS Motor Company - these are the top 3 stocks that Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients Group/Nuvama Wealth Management has recommended.
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The National Stock Exchange has filed draft papers for an estimated $2 billion IPO, nearly nine years after its first attempt was halted by the co-location controversy. The offer for sale will see existing shareholders, including Tiger Global and IDBI Bank, divest stakes. This listing marks a significant milestone after Sebi issued a no-objection certificate, removing the final regulatory hurdle.
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Gold price prediction today: Gold prices are holding strongly and buying from central banks is likely to continue supporting the yellow metal, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.
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In WPI, prices of crude petroleum and natural gas accelerated 61% in May, as compared to 56% in April. Similarly, the prices of mineral oils accelerated 50% during the month, reflecting the impact of the supply chain disruptions caused due to the prolonged conflict in west Asia. “If prices do come down sharply as has been seen today, there can be moderation in WPI inflation for sure on this account,” said Bank of Baroda chief economist Madan Sabnavis.
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The Indian rupee strengthened against the US dollar for a second consecutive day, buoyed by a significant drop in crude oil prices following a preliminary US-Iran agreement. This rise also builds on recent Reserve Bank of India measures aimed at attracting dollar inflows. Traders anticipate further support for the rupee, though its appreciation pace may hinge on the RBI's policy.
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Former NITI Aayog vice chairman Arvind Panagariya urges the government to revitalize its privatization drive for PSUs and PSBs, emphasizing its importance for economic reforms. He also advocates for a dedicated privatization ministry to expedite the process. Panagariya remains optimistic about FDI inflows, citing investor confidence despite capital outflows and a corrected rupee valuation.
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FM Sitharaman described the recent initiatives taken by the Reserve Bank of India and the government to attract overseas investment as an initial move, signalling that additional measures could follow to encourage greater foreign capital inflows.
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Stock market recommendations: Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities has picked Karnataka Bank, Avalon Technologies as the stocks to buy in the June 15-June 19, 2026 week. Outlook on Nifty50 and Bank Nifty has also been shared:
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Gold prices are expected to trade within a narrow range as investors await central bank policy decisions and developments in US-Iran negotiations. Domestic gold futures saw a significant decline of over 3% during the week, influenced by easing energy market concerns and geopolitical uncertainties.
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Indian equities surged last week, with the top 10 most-valued companies collectively gaining Rs 1.90 lakh crore. ICICI Bank led the rally, adding over Rs 56,000 crore to its market cap. This upturn, driven by global sentiment and RBI measures, saw most major firms post gains, with Reliance Industries retaining its top spot.
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South Korea's AI-driven semiconductor boom is not yet translating into broad economic gains, according to Nomura. Despite strong chip exports and equity markets, domestic demand shows limited improvement, with luxury spending and business investment being key drivers. Concerns over the won and financial stability may prompt a Bank of Korea rate hike.
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Stock market recommendations: HDFC Bank, and NBCC are the stocks that Bajaj Broking Research recommends buying on June 12, 2026. The brokerage also shares views on Nifty and Bank Nifty:
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Credit growth stood at 17.7% for the fortnight ending May 31, 2026, the highest recorded so far in the current financial year and the strongest year-on-year expansion since June 2024. Outstanding bank credit rose by Rs 1.5 lakh crore since March 31, 2026, marking a 0.7% increase (year-to-date), with total credit touching Rs 215.2 lakh crore. Bankers said demand is being driven partly by oil marketing companies facing lower realisations after the surge in crude prices. They added that govt support through the emergency credit line guarantee scheme has also lifted credit offtake.
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Global growth forecasts are down to 2.5% for 2026, with the Middle East conflict and rising energy prices cited as key reasons. Despite this, India is set to remain the world's fastest-growing major economy, projected at 6.6% in fiscal year 2026-27. However, higher energy costs may moderate India's growth, while fiscal deficits are expected to widen across South Asia.
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Top stock market recommendations: Bank of India, and Gail (India) Ltd have been recommended as buy calls, whereas Bajaj Auto is a sell recommendation by Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients Group/Nuvama Wealth Management for June 11, 2026.
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Stock market recommendations: Bank of India, Hindustan Zinc, and Union Bank of India are the top stock picks by Mehul Kothari, DVP - Technical Research at Anand Rathi Shares for June 10, 2026:
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Despite a lower import volume of 721 tonnes compared with the previous year, India's gold import bill rose 24% to a record $71.9 billion in 2025-26.
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India's economic growth is robust, with concerns over high crude oil prices being exaggerated, according to World Bank Executive Director Neelkanth Mishra. He highlighted strong domestic demand and refining margins as buffers, suggesting growth could exceed 8% and remain in the 7.5-8% range even with elevated oil prices. Mishra believes the economy is well-positioned to absorb price shocks.
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Prime Minister Narendra Modi met with the Economic Advisory Council to discuss strengthening India's economic growth amidst global uncertainty. The Reserve Bank of India kept the repo rate unchanged at 5.25%, citing geopolitical tensions and inflation concerns, while revising GDP growth and inflation projections downwards and upwards respectively for FY2026-27.
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The Reserve Bank of India is introducing new rules for bank deposit interest rates. Banks must now publish their interest rate schedules online each morning and stick to them throughout the day. This ensures customers know the exact rates available. Additionally, banks can now consider withdrawal risk when setting rates for large deposits, adding a fourth factor to pricing.
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The government has extended the tenure of Reserve Bank Deputy Governor Swaminathan Janakiraman for another two years, effective June 26, 2026. Janakiraman, who was initially appointed in June 2023, will continue in his role as the central bank maintains its four-deputy governor structure.
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RBI Governor Sanjay Malhotra cautioned that a potential south-west monsoon deficit could dampen rural demand and private consumption. While government initiatives aim to mitigate this, rising energy prices and supply disruptions also pose growth risks. The central bank consequently lowered its FY27 GDP growth forecast to 6.6%.
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The Reserve Bank of India is considering introducing polymer currency notes, a move that could enhance durability and security. Governor Sanjay Malhotra stated the proposal is in its preliminary stages, with the central bank examining its advantages and disadvantages. This initiative aims to address the rapid deterioration of existing paper notes and combat fake currency circulation.
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Currency market participants said investor confidence improved following the RBI's policy announcements, particularly after the central bank emphasised that India's foreign exchange reserves remain strong enough to cushion the economy against external disruptions.
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HDFC Bank is halting its agents from collecting fixed deposits and CASA funds from government entities starting July 1. This move, which the bank attributes to its expanding branch network, comes amid scrutiny over incentives paid for government fund mobilization. The bank aims to streamline its operations and governance framework.
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Top stock market recommendations: Cyient, Timken India, and Bosch have been shortlisted as the top stocks to buy by Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group for June 4, 2026. The expert has also shared his outlook for Nifty, and Bank Nifty:
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Despite near-term volatility, India's appeal remains strong for strategic investors due to its scale and growth prospects. While foreign institutional investor participation has declined, Bank of America's India CEO Vikram Sahu believes capital will follow as regulatory friction eases and business conditions improve. Investor sentiment is showing signs of recovery, with a growing willingness to explore current market entry points.
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The rupee weakened by 40 paise to 95.76 against the US dollar due to proposed US tariffs, rising crude oil prices, and foreign fund outflows. Escalating geopolitical tensions in West Asia also contributed to the decline, impacting investor sentiment. Market participants now await the Reserve Bank of India's policy decision for further cues.
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Not having any credit accounts is a big disadvantage when looking to access new credit. But what can help is your existing relationship with banks, particularly those that hold your salary or savings account.
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The Reserve Bank of India's Monetary Policy Committee begins its meeting amid inflation concerns. While interest rates are expected to remain unchanged this week, economists anticipate a tighter monetary stance later in the financial year. The RBI may also revise its inflation and GDP growth forecasts upward.
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Sovereign Gold Bond (SGB) investors who purchased bonds between 2019 and 2021 can now apply for premature redemption in June 2026. The Reserve Bank of India has opened redemption windows for five specific bond tranches, requiring investors to submit requests within strict timelines to avoid rejection.
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