Investors are now focused on Wednesday’s release of the latest US inflation data. Economists expect the report to show that inflation remained elevated in July but eased slightly to 3.4% from 3.5% in June.
The government has clarified that UPI will continue to remain free for consumers and no transaction charges will be applicable to person-to-person payments. The government has also said that if an MDR is introduced in the future it will only be applicable to a limited category of merchant transactions.
Responding to the ruling, Gautam Adani said, “Truth has prevailed,” adding that he respected the judicial process and expressed gratitude to those who had supported the Adani Group during the proceedings. He also reaffirmed the conglomerate’s commitment to “nation-building” and “long-term value creation.”
Reserve Bank governor Sanjay Malhotra stressed human accountability for AI decisions. Banks must ensure technology supports human judgment, not replaces it entirely. Meaningful human oversight is crucial from the AI design stage. Cyber security and model bias present significant risks for lenders. Banks must maintain an inventory of AI models and governance policies.
India is preparing to roll out polymer banknotes for initial trials shortly. The Reserve Bank of India plans to launch one billion pieces each of Rs 10 and Rs 20 denominations. These innovative polymer notes will coexist with current paper currency, with the goal of improving the longevity of lower denomination notes. Additionally, parliament discussions
The US sanctions waiver on Russian crude has expired and a fresh tariff threat of up to 100% looms as the Trump administration pushes for a Russia sanctions bill that gives the American president powers to impose tariffs on biggest oil importers from Moscow.
Gold prices may not be that much sensitive to higher oil prices as has been the case in the last few months unless oil surges sharply higher. However, as the Middle East situation remains volatile, gains in gold could be limited unless oil falls. Buying the dips is preferred over chasing the rally.
On Tuesday, the Indian rupee began its day lower against the US dollar, reflecting a sense of caution in global markets due to concerns over the ongoing West Asia crisis. The rise in crude oil prices, combined with declines in domestic equity markets, has further pressured the rupee. However, support came from foreign institutional investor
Nvidia has joined forces with six prominent financial institutions to enhance AI infrastructure funding. The collaboration will see these firms create platforms aimed at financing companies that purchase Nvidia hardware. The goal is to harness over $500 billion in external capital, positioning AI chips as a fresh asset class that encourages the growth of AI
