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Friday, June 5, 2026

After growth forecast cut, RBI warns monsoon deficiency could weigh on consumption

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%.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/3T1ydkL
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Will India finally get plastic banknotes? RBI's polymer currency plan explained

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.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/LFoQzxN
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Rupee rallies strongly after RBI announces new measures to attract foreign investors amid Middle East conflict

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.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/gi79yMb
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HDFC agents to stop mobilising government funds

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.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/W35kwHQ
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Thursday, June 4, 2026

Top stocks to buy today: Stock recommendations for June 4, 2026 - check list

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:

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/gqApyY3
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