During its 618th meeting in Lucknow, the RBI’s central board assessed the global and domestic economic situation, considering geopolitical risks and financial market trends. The board reviewed the performance of key departments, committees, and the Ombudsman Scheme. Indranil Bhattacharyya, Executive Director, was approved as an ex officio member of the Monetary Policy Committee.
India’s foreign exchange reserves experienced a rise of $1.488 billion, reaching $695.106 billion during the week ending August 15, according to RBI data. This increase was primarily driven by a surge in foreign currency assets, while gold reserves saw a slight dip. These reserves act as a crucial buffer against external economic vulnerabilities.
Forex watch: India’s reserves up $1.4 bn to $695.1 bn, gold holdings see dip Read More »
Nvidia’s CEO, Jensen Huang, is in discussions with the Trump administration regarding a potential new semiconductor for China, despite existing restrictions on advanced chip sales. The proposed B30A GPU, intended for AI data centers, would be a follow-up to the H20 but requires US government approval.
SEBI has issued a warning to investors regarding fraudulent trading schemes promoted on social media and mobile apps. These schemes falsely promise stock market access through FPIs, which is illegal for resident Indians except under specific regulations. Investors are urged to verify entity registration and use only genuine trading apps from SEBI-registered intermediaries.
Financial disclosures reveal that since assuming office in January 2025, President Donald Trump has invested heavily in bonds, exceeding $100 million. These investments, spanning from January 21 to August 1, include stakes in major financial institutions and corporate giants, as well as municipal bonds across several US states.
China might permit yuan-backed stablecoins. This move aims to enhance the yuan’s global presence. The State Council will review a plan to compete with US stablecoins. Leaders will discuss stablecoin adoption. Hong Kong and Shanghai are expected to lead local rollouts. Discussions on yuan and stablecoin usage may occur at the Shanghai Cooperation Organisation Summit.
A new study indicates India requires $467 billion in climate finance by 2030 to decarbonize its power, steel, cement, and transport sectors. Steel and cement will require the most investment due to reliance on carbon capture. The report suggests targeted subsidies and technology transfers to achieve these goals, emphasizing the feasibility of mobilizing the necessary
Sebi is considering a regulated platform for pre-IPO trading to replace the unregulated grey market, aiming for transparency between allotment and listing. The regulator is also exploring longer-tenure equity derivatives to improve hedging and long-term investing. Sebi emphasizes transparency, investor protection, and responsible AI adoption while clamping down on fraud and misinformation in the market.
The government is pushing domestic mineral security. Exploration has started in Mizoram and Assam. The Centre will consult northeastern states before extraction. The Mines and Minerals Bill, 2025 is a turning point. India aims for self-reliance in critical minerals. The National Critical Mineral Mission is cleared. It will run till 2030-31. Private firms are encouraged
