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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.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/MtEroy0
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.
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.
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.
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:
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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:
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.
