Gold prices in the national capital reached an all-time high of Rs 1,13,100 per 10 grams, driven by sustained buying and global uncertainties. The precious metal has surged over 40% this year, fueled by central bank activity and geopolitical tensions. Silver prices, however, experienced a slight dip, while investors globally await the US Federal Reserve’s […]

Amid ongoing trade negotiations between India and the US, optimism is growing, with US Commerce Secretary Howard Lutnick expressing confidence in reaching an agreement if India liberalizes its markets and ceases Russian oil imports.

Sergio Gor, nominated as the US ambassador to India, anticipates resolving trade and Russian oil penalty disputes with India within weeks. He emphasized India’s strategic importance and pledged to strengthen the US-India partnership by advancing defence cooperation, fair trade, energy security, and technology. Gor’s appointment highlights the significance of the US-India relationship.

The Indian rupee plummeted to a record low of 88.35 against the US dollar, pressured by ongoing trade tensions between India and the US, continuous foreign fund outflows, and rising crude oil prices. Despite positive domestic equities and diplomatic efforts, the rupee faces headwinds from a stronger dollar and importer demand.

Infosys declared an Rs 18,000 crore share buyback. The company will repurchase shares at Rs 1,800 apiece. This is a 19% premium over Thursday’s closing price. This buyback is the fifth by the Bengaluru-based firm. Analysts expect the move to strengthen financial metrics. The program will also help optimise capital structure. The buyback signals confidence

The US Senate committee has approved Donald Trump’s nominee, Stephen Miran, for the Federal Reserve board. Democrats are worried about Miran’s loyalty to Trump. They fear he might not resign from his White House post if confirmed. Miran’s short Fed term ends in January 2026. His decisions could be influenced by his desire to return

Sebi has eased compliance norms for Foreign Portfolio Investors (FPIs) investing solely in government securities under the fully accessible route. These GS-FPIs are now exempt from providing investor group details and certain disclosure requirements. The move aims to attract greater long-term foreign investment into India’s sovereign debt market by simplifying procedures.

Fitch Ratings reports a US economic slowdown, projecting a deceleration from 2.8% in 2024 to 1.6% in 2025 and 2026. Consumer spending and government expenditure are weakening, while the labor market shows signs of softening with reduced job creation. Despite tariff impacts on inflation, the Fed is expected to ease policy with rate cuts.

Swedish company Klarna made its debut on the New York Stock Exchange. Shares of the buy-now-pay-later firm jumped 30% after opening. The IPO was priced at $40, but shares opened at $52. The company sold over 34 million shares, raising $1.37 billion. Klarna’s CEO, Sebastian Siemiatkowski, sees a big opportunity in the US market.

The European Union is unlikely to impose hefty tariffs on India and China for purchasing Russian oil, despite suggestions from the US. The EU, while aligning Russia sanctions with the US, prefers targeted measures over broad tariffs.