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RBI Governor Sanjay Malhotra urged Indian banks to become global market-makers, aiming to bring rupee price discovery onshore. This move seeks to counter offshore non-deliverable forward markets' influence on the rupee and reduce arbitrage. Malhotra also highlighted the need for improved liquidity in government securities and expanded access to the FX retail platform for fair customer deals.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/bvtkhiC
India's central bank significantly boosted its gold reserves, bringing back 104 metric tonnes domestically between October 2025 and March 2026. This move, amid global geopolitical tensions and a decline in foreign currency assets, saw gold's share in forex reserves rise to 16.7%. Globally, central banks are increasingly repatriating gold, reflecting a growing trend towards bolstering national sovereignty.
Top stock market recommendations: Lodha Developers, Premier Energies, and HDFC Asset Management Company have been picked by Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group as the top stocks to buy on April 30, 2026. He shares his target levels and also outlook for indices Nifty and Bank Nifty.
