India’s foreign exchange reserves decreased by $4.386 billion, reaching $690.72 billion in the week ending August 22, according to the RBI. This decline was primarily driven by a fall in foreign currency assets and gold reserves. Despite this, India’s economy demonstrated strong growth, expanding by 7.8% in April-June, making it the fastest-growing major economy.

Despite President Trump’s tariffs, the Federal Reserve’s preferred inflation measure remained steady in July, while core inflation saw a slight increase, indicating ongoing price pressures. This data reinforces the Fed’s cautious approach to interest rate cuts, as inflation remains above the central bank’s 2% target. Trump has criticized Fed Chair Powell for not implementing aggressive

Gold prices in the national capital soared to a record high of Rs 1,03,670 per 10 grams, driven by persistent buying, a weaker rupee, and global uncertainties. Silver prices eased after reaching record highs, while international markets saw spot gold remain steady. Market participants are closely monitoring US-India trade tensions and the upcoming US PCE

Chief Economic Advisor anticipates India’s economy to grow between 6.3% and 6.8% in FY26, dismissing concerns about high US tariffs causing significant risks. The economy expanded by 7.8% in April-June, driven by a robust farm sector, outpacing China’s growth. Manufacturing activity remained steady, contributing to the overall positive economic outlook.

US stocks experienced a pullback on Friday following recent record highs, influenced by steady inflation data. The S&P 500 dipped 0.5%, while technology shares, particularly Dell, faced declines. Despite inflation remaining above the Fed’s target, expectations for a potential rate cut in September persist, impacting bond yields and market sentiment.

India is considering easing foreign investment rules for China. This follows improved relations and Niti Aayog’s recommendation to raise the limit to 24 percent. Restrictions began in 2020 due to security concerns. The Economic Survey 2024 suggests relaxation to boost global supply chain integration. Commerce Minister Piyush Goyal says a review is possible if circumstances

Maruti Suzuki India chairman RC Bhargava urged India to stand united against the 50% tariffs imposed by the US, emphasizing the need to maintain dignity and resist bullying. He acknowledged the global uncertainty caused by these tariffs and welcomed the government’s plan to restructure the Goods and Services Tax (GST), hoping for a reduction on

Indian textile exporters are bracing for a significant blow as the U.S. imposes steep 50% tariffs, potentially impacting nearly a quarter of India’s textile exports. Order cancellations have already begun, but the government’s extension of duty-free cotton imports until December 31st offers some relief.

A CLSA report indicates India’s savings from discounted Russian oil imports are around $2.5 billion annually, significantly less than media estimates. While India benefits from affordable energy, the discounts are offset by shipping costs and the need to blend with higher-quality oil. Halting Russian imports could spike global crude prices, highlighting India’s role in stabilizing

The US economy rebounded strongly in the second quarter, growing at 3.3%, revised upwards from initial estimates. This surge followed a 0.5% contraction in the first quarter, largely attributed to President Trump’s tariffs disrupting trade flows. A sharp drop in imports significantly boosted GDP, offsetting weaker investment and exports, while corporate profits also saw a