Economy news

The RBI has also revised its inflation outlook for 2025-26 downwards from the earlier forecast of 4 per cent to 3.7 per cent, Reserve Bank Governor Sanjay Malhotra said on Friday. 

Sanjay Singh Arrested Update News: After the arrest, Sanjay Singh said that I will die but will not be afraid...even if you hang me. After which in response to the court's question, ED said that a transaction of Rs 2 crore took place. This transaction took place at Sanjay Singh's house. Dinesh Arora has also said the same in his statement.

Sanjay Singh Arrested Update News: In response to the court's question, ED said that a transaction worth Rs 2 crore took place. This transaction took place at Sanjay Singh's house. Dinesh Arora has also said the same in his statement. In such a situation, remand is necessary to investigate the data found in the phone. Now ED has sent summons to two close friends of Sanjay.

“Sustainability is both an opportunity and a business model,” said PM Modi at the B-20 summit. One such example is that the United Nations is celebrating this year as the 'International Year of Millets'. Millets are superfood, eco-friendly and supports small farmers, so it's a win-win model".

On an annualised basis, the economy expanded by a slight 0.2 percent, well off expectations for 0.7 percent growth.

The dollar lost 2.0 percent to $1.1364 per euro, and fell 2.1 percent to 106.63 yen.

Aiding risk sentiment were minutes of the Fed`s last meeting which showed many members reluctant to hike further in the face of global uncertainty.  

Abe told the Wall Street Journal that countries should avoid seeking to weaken their currencies with "arbitrary intervention."

Most analysts polled by Reuters expect the RBI to cut the repo rate to 6.50 percent - the lowest since January 2011.