4:10 PM
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The Indian rupee experienced its sharpest single-day fall in two months. Rising oil prices and higher US interest rate expectations pressured the currency. Attacks on Saudi Arabian energy infrastructure boosted crude oil prices significantly. The Reserve Bank of India's dollar sales helped limit the rupee's losses. Bond yields rose as inflation and rate-hike bets grew.
6:10 PM
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India's retail inflation rose to 4.82% in August, while wholesale inflation neared double digits. Food inflation increased to 5.95% at the consumer level and 7.05% wholesale. Fuel and power inflation surged sharply to over 22% on the wholesale price index. Economists anticipate continued upward pressure on prices due to global factors. The Reserve Bank of India's monetary policy outlook remains a key focus.
10:10 PM
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On September 14, banks in various Indian states will shut down in observance of Ganesh Chaturthi. It's important for customers to check their specific branch's holiday hours, as additional regional holidays may also affect bank operations throughout the month. However, ATMs and online banking will still be available, so planning ahead can help ensure you maintain access to necessary banking services.
10:10 AM
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At the latest summit, BRICS leaders unanimously endorsed the New Delhi Declaration, marking a significant step toward a resilient strategic partnership. This declaration focuses on fostering cooperation in emerging technologies and strengthening digital infrastructure. Additionally, it aims to bolster the New Development Bank and enhance supply chain resilience, all while underscoring the leaders' commitment to solidarity and mutual respect.
6:10 AM
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HDFC Bank has presented two candidates to the RBI for the upcoming role of managing director and CEO. The board has also sanctioned the promotion of Jimmy Tata to executive director while seeking an extension for V Srinivasa Rangan. This move will elevate the count of whole-time directors to four, enhancing oversight across its subsidiaries. Final approval for these transitions now lies with the Reserve Bank of India.
5:10 AM
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India has achieved a remarkable milestone with its foreign exchange reserves soaring to an impressive $785.706 billion. This upswing comes on the heels of a notable rise in the previous week, primarily fueled by robust foreign currency assets. The central bank's proactive steps attracted more than USD 136 billion in fresh inflows. Conversely, there was a slight dip in the value of India's gold reserves during that period.
6:10 PM
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Finance Minister Nirmala Sitharaman addressed artificial intelligence risks at the Global Fintech Fest 2026. She highlighted technology's potential to influence public opinion and electoral outcomes. The Reserve Bank of India recognized the Unified Fintech Forum as a self-regulatory organization. Sitharaman emphasized balancing innovation with necessary risk mitigation measures. India's young population is driving innovation and economic growth, she stated.
5:10 PM
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Banks will face disruptions across India due to elections and union strikes. A nationwide strike by bank employees is planned for September eleventh. Gujarat will see a three-day strike affecting thousands of branches and transactions. Several states observe bank holidays for Ganesh Chaturthi and other festivals. ATMs and digital banking services will remain available for customers.
10:10 PM
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On April 27, 2010, Bank of Maharashtra introduced a one-time option allowing a specified category of serving employees, retired employees and families of deceased employees to join the Pension Scheme, subject to the prescribed terms and conditions.
10:10 AM
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Stock market recommendations: Life Insurance Corporation of India, Tata Steel, and Bank of India are the top stocks to sell as per Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan on September 8, 2026.
4:10 PM
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The bank acknowledged that it could not trace the original documents for either property. However, the bank argued that the firm had not asked for their return immediately after repaying the loan. The bank has been ordered to pay compensation.
2:10 AM
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10:10 PM
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This week sees potential volatility in gold and silver prices, primarily driven by upcoming US inflation figures and interest rate speculation. The influence of crude oil fluctuations and geopolitical developments in the Middle East also play a significant role. Additionally, ongoing purchases by central banks, notably in China, bolster gold values. Key economic reports from Germany, China, and the Eurozone will further guide market sentiment.
3:10 PM
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The Reserve Bank of India (RBI) has announced the premature redemption price for the SGB 2021-22 Series VI, which was issued on September 7, 2021. In a statement, the RBI has said that investors in this gold bond series will be able to exercise the premature redemption option from September 7, 2026.
11:10 AM
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In a strategic maneuver amidst rising global tensions, the Netherlands has transferred part of its gold reserves to London, seeking more immediate access in times of crisis. The Dutch central bank cites London as a hub for the most liquid gold trading. This shift underscores a larger trend among central banks worldwide, which have been diversifying their gold holdings following the aftermath of the financial crisis.
10:10 PM
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Indian banks across various states will be closed on September 4 to observe Krishna Janmashtami. Customers should be aware that further closures will occur throughout the month for additional festivals and elections. It's essential to check local holiday schedules for branch services, although digital banking and ATMs will continue to function normally. Plan accordingly for any urgent in-person banking needs during these times.
11:10 AM
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On Thursday morning, the Indian rupee saw a notable rise, fueled by an influx of foreign-currency deposits that enhanced the foreign-exchange liquidity of the country. This robust support helped mitigate global economic pressures. Additionally, interventions from the Reserve Bank of India played a crucial role in the rupee's ascent, as domestic equities began the day on a positive note, signaling encouraging market sentiments.
10:10 AM
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Top stock market recommendations: Bank of Maharashtra, Glenmark Pharma, and Tata Technologies have been shared as the top stocks to buy today on September 3, 2026 by Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients Group/Nuvama Wealth.
10:10 AM
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Stock market recommendations: Indusind Bank, Computer Age Management Services (CAMS), and Dixon Technologies (India) are the top stocks to buy that have been picked by Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan for September 1, 2026.
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