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    Rupee rises 50 paise to 95.24 against US dollar post RBI policy decision
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June 5, 2026
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Rupee appreciation after RBI policy as investment norms eased, repo rate stayed unchanged, and sentiment improved.
Rupee appreciation followed the RBI's monetary policy announcement after the central bank liberalised norms for FPI investment in government securities and raised the investment limit for Non-Resident Indians and Overseas Citizens of India in equity instruments. The Monetary Policy Committee kept the repo rate unchanged at 5.25 per cent with a neutral stance, while the RBI stated that its exchange-rate policy remains unchanged and that it does not target any specific rate or band for the rupee.
June 5, 2026
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GDP growth forecast revision reflects energy price pressures, supply disruptions, and geopolitical risks to economic activity.
The Reserve Bank revised down its real GDP growth projection for FY 2026-27 to 6.6 per cent, citing elevated energy and commodity prices, continued supply disruptions from the West Asia conflict, and broader risks from global supply-chain disruption, financial market volatility, and weather-related shocks. Domestic activity was described as broadly resilient, with manufacturing, services, consumption, investment, and exports holding up despite cost pressures, while the global outlook remains clouded by geopolitical tensions and foreign exchange volatility.
June 5, 2026
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Government securities tax exemption for foreign investors aims to attract long-term capital into sovereign debt markets.
Government foreign investment policy for government securities has been adjusted to attract long-term dollar inflows by exempting foreign institutional investors from long-term capital gains tax on investments in government securities through an Ordinance amending the Income Tax Act. The change is intended to make sovereign debt more attractive to patient foreign capital, particularly at a time of heavy foreign fund outflows from equities and pressure on the rupee.
June 5, 2026
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Rupee appreciation and RBI policy outlook drive market focus as India-US trade talks support sentiment.
The rupee appreciated in early trade against the US dollar as market participants awaited the Reserve Bank of India's monetary policy decision, with inflation, growth and currency stability under focus. Traders viewed 96.00 as a key resistance level for USD/INR and expected a cautious policy stance to support debt inflows and a possible move toward the 95.00-95.20 range. Encouraging India-US trade talks also supported sentiment and future capital inflows.
June 5, 2026
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RBI monetary policy decision lifts market sentiment as Indian equities trade higher amid mixed global cues and foreign selling.
Indian equity markets traded higher in early session ahead of the Reserve Bank of India's monetary policy decision. Market sentiment was shaped by expectations around the policy statement and the RBI Governor's message, alongside mixed global cues and continued foreign institutional investor selling.
June 4, 2026
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Land compensation fraud and money laundering allegations linked to highway acquisition triggered enforcement action under PMLA.
Money laundering investigation arose from alleged irregularities in compensation disbursement for land acquired for the Raipur-Visakhapatnam Economic Corridor under the Bharatmala project. The allegations state that land within the notified highway alignment was acquired and then fragmented into smaller plots to claim enhanced compensation from the National Highways Authority of India. The accused, along with family members and certain public servants, is alleged to have received compensation far in excess of the amount legitimately payable, generating alleged proceeds of crime that were later layered through shares, mutual funds and other financial instruments.
June 4, 2026
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Steel import restrictions delay India-UK trade deal implementation amid concerns over domestic industry protection and tariff commitments.
Steel import restrictions are being used as a protective trade measure against global overcapacity and the risk to domestic steel-making capability. The measures are linked to delays in implementing the India-UK Comprehensive Economic and Trade Agreement, while the treaty framework also includes whisky tariff liberalisation and continuing bilateral discussions on trade cooperation.
June 4, 2026
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Emergency national security authority is being used to support coal plants, exports and fossil-fuel power reliability.
Use of emergency national security authority is proposed to fund coal-fired power support, coal exports and related infrastructure, including support for existing coal plants, recommissioning of a plant, construction of new coal plants in Alaska and West Virginia, and development of a coal export terminal in California. The announced package is described as part of a broader federal effort to sustain coal capacity and extend the operation of fossil-fuel power plants past retirement dates in response to power-demand concerns.
June 4, 2026
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Trade agreement negotiations continue as India and the United States reaffirm commitment to strengthen bilateral trade and economic ties.
India and the United States reaffirmed their commitment to conclude a mutually beneficial trade agreement aimed at strengthening bilateral trade and economic ties. Chief negotiators completed four days of talks marked by cooperation and pragmatism, with discussions covering trade in goods, non-tariff measures, customs and trade facilitation, economic security alignment, and other areas of mutual interest.
June 4, 2026
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Flex-fuel vehicles and higher ethanol blends are reshaping India's fuel policy toward cleaner mobility and energy security.
Flex-fuel passenger vehicles have been introduced with technology that can run on ethanol-petrol blends ranging from E20 to E100 through an adaptive engine control system. The shift reflects India's broader move toward higher ethanol blending to reduce crude oil import dependence, strengthen energy security, lower carbon emissions, and support rural and biofuel-based economic activity. Proposed amendments to vehicle emission rules and the Central Motor Vehicles Rules, 1989, aim to widen the use of E85, E100, biodiesel, and hydrogen-CNG combinations.
June 4, 2026
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Psychological and religious coercion allegations drive chargesheet in TCS Nashik harassment and conversion case
Sexual harassment and alleged forcible conversion allegations at TCS's Nashik unit are reflected in the chargesheet filed in a case registered at Deolali Camp police station on a complaint by a 23-year-old employee. The document records statements that the accused used psychological and religious persuasion under the guise of reducing mental stress, including pressure to watch Islamic preaching videos, recite prayers, stop listening to Hindu devotional songs, visit temples less, and accept Islam. The victim further stated that one accused exploited her on the pretext of marriage and had obtained details of her bank accounts and UPI PIN.
June 4, 2026
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Foreign exchange market volatility lifts the rupee slightly as crude eases and policy expectations build.
The rupee appreciated modestly against the US dollar as easing global crude oil prices supported the currency, while heightened geopolitical tensions in West Asia limited sharper gains through safe-haven demand. Traders linked the exchange-rate movement to energy volatility, external risk sentiment and expectations around the upcoming monetary policy decision, with inflation, growth and the rupee under watch.
June 4, 2026
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Gold prices rebound on easing crude oil, while West Asia uncertainty and policy signals keep precious metals volatile.
Gold prices resumed their volatile movement and rose above the Rs 1.6 lakh per 10 grams mark as easing crude oil rates provided support. Silver extended losses for a second straight session, while market participants tracked West Asia uncertainty, tighter US monetary policy expectations, unresolved US-Iran negotiations, and the Reserve Bank of India's policy decision for further direction.
June 4, 2026
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Value-added millet exports gain momentum as APEDA facilitates a first sea shipment of botanical-infused foods to New Zealand.
APEDA facilitated the first-ever sea shipment of botanical-infused ready-to-cook millet functional foods from Karnataka to New Zealand, marking an expansion in India's value-added agri-food export basket. The export reflected rising international demand for innovative millet-based products and was linked to APEDA-supported trade promotion and business networking initiatives. The release highlights APEDA's role in export promotion through trade fairs, capacity-building and market development programmes, and notes the potential of value-added millet exports to support farmer incomes and strengthen the millet value chain.
June 4, 2026
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FEMA compounding mechanism resolves alleged foreign exchange contraventions through RBI order and ED no objection
Foreign exchange management proceedings were initiated for alleged contraventions of FEMA arising from transactions of significant value, and the company applied to the Reserve Bank of India for compounding under the statutory framework. The Enforcement Directorate issued a no objection, after which the Reserve Bank passed a compounding order and the matter was treated as compounded on payment of the prescribed monetary amount.
June 4, 2026
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Repo rate pause expected as inflation risks and growth concerns shape the central bank's cautious policy stance.
Monetary policy decision is expected to keep the repo rate unchanged, with the Reserve Bank adopting a cautious stance because the West Asia conflict is adding pressure to both inflation and economic growth. Market participants broadly expect a pause in rates at the upcoming Monetary Policy Committee meeting, though some foresee a modest increase, and many anticipate policy tightening later in the fiscal year if inflation risks intensify.
June 4, 2026
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Business research conference highlights trade resilience, artificial intelligence, BRICS and evidence-based policy for global competitiveness.
Global Business Research Conference 2026 at IIFT focused on managing business amid worldwide turbulence, with discussions on trade, manufacturing, innovation, technology, business education and evidence-based policy inputs. The programme included Directors' Conclaves, technical sessions across multiple management and policy disciplines, a special discussion on BRICS, a doctoral colloquium and awards recognising outstanding research contributions.
June 4, 2026
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Trade agreements and regulatory reform drive India's push for manufacturing growth, investor confidence and industrial infrastructure expansion.
India's trade and investment strategy was described as centred on expanding free trade agreements, investor outreach and market access, while supporting manufacturing growth, talent mobility and long-term capital flows. The address highlighted the Jan Vishwas Act 2.0, which decriminalized nearly 1,000 offences across central laws, and referred to the activation of four labour codes to simplify compliance. It also noted major infrastructure investment, the Bhavya Scheme for 100 industrial parks, and policy support for semiconductors, secure data infrastructure and data centre incentives.
June 4, 2026
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Monetary policy caution keeps equities flat amid West Asia tension, elevated crude and foreign fund outflows
Indian equity benchmarks ended almost flat in choppy trade as investors stayed cautious amid West Asia uncertainty, weak global cues, elevated crude prices and persistent foreign fund outflows. Benchmarks recovered from an early decline after buying emerged near key support levels, but sentiment remained subdued ahead of the monetary policy decision, with foreign institutional investors continuing to sell equities.
June 4, 2026
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Rupee depreciation on West Asia tensions keeps forex market cautious ahead of RBI policy decision
The rupee weakened against the US dollar amid heightened geopolitical tensions in West Asia, with traders citing energy-price volatility, safe-haven demand, elevated crude oil prices and firm US treasury yields as pressure points on the domestic currency. Market participants also tracked the Reserve Bank of India's Monetary Policy Committee meeting, with inflation, growth and the rupee under review and expectations that the policy rate may be left unchanged.

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Customs & Trade

Starmer leaves India-UK relations on strong footing for next UK PM, say experts

June 22, 2026

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London, Jun 22 (PTI) Keir Starmer, as British Prime Minister, not only oversaw the conclusion of the Free Trade Agreement (FTA) with India but leaves bilateral relations on a solid footing for his successor to build on, British Indian experts said on Monday.

Starmer’s resignation sets the clock ticking for the Labour Party to elect its new leader, with newly elected member of Parliament Andy Burnham looking set to take charge at 10 Downing Street in the coming weeks.

“When it comes to India, it is under his prime ministership that the UK-India Free Trade Agreement was signed, something that we started negotiating way back in January 2022,” said Lord Karan Bilimoria, founder of Cobra Beer and co-chair of the India All Party Parliamentary Group (APPG).

“India is very, very important to him as a special relationship and a special country where the UK is concerned and always will be... Whoever the next leader of the Labour Party is, they will have India as a top priority, and they will see the future of the UK-India relationship between the fifth and sixth largest economies in the world and India, the fastest growing major economy in the world, as being paramount,” he said.

Bilimoria, chair and regional coordinator for Europe of the International Chamber of Commerce in the UK, praised Starmer as a “decent individual” who always listened when it came to the bilateral partnership.

“For nine years, I was saying to prime minister after prime minister, whether it was Boris Johnson, whether it was Rishi Sunak, take a big business delegation to India because it will make a huge impact. And none of them did it, but Keir Starmer listened, and in October last year we took a huge business delegation to Mumbai," he recalled.

Dr Kishore Jayaraman, Group CEO of UK India Business Council (UKIBC), described the developments as a "process of change" that countries experience.

“The government changed when the FTA was being negotiated. The greatness that Great Britain has shown is the fact that it transcends government; business comes before government,” said Jayaraman.

"This is a partnership that will continue for a very long time because it is based on principles, it's based on a win-win agreement, and it will continue to evolve, it will continue to scale up, and it will continue to deliver to the industry on both sides.

“The UKIBC is a trade council that catalyses business growth, and we will continue to support businesses in the UK and India and grow the corridor.” Uday Nagaraju, a tech entrepreneur and founder of AI Policy Labs who recently became one of the newest British Indian Labour peers in the House of Lords, echoed the views that Starmer “helped deliver a major step forward in UK-India relations” with the Comprehensive Economic and Trade Agreement (CETA).

“I think that our Prime Minister, Keir Starmer, leaves office with dignity and with a serious record. He restored Labour to government, put stability and economic credibility back at the centre of British politics,” said Lord Nagaraju.

“He promised before the 2024 general election that a Labour government under his premiership would reset the relationship with India, which he achieved. The credit for CETA goes to Keir and, of course, the Indian government as well," he said.

“I think the next Labour prime minister will and should build on that platform of growth, security, clean energy skills, tech, AI, and a deeper strategic partnership with India," he added.

Krish Raval, also one of the newer British Indian peers in the House of Lords and chair of the Labour Indians diaspora group, paid tribute to Starmer’s efforts to “accelerate” the UK’s position in the field of AI as well as his commitment to the Indian community.

“He is the Prime Minister who signed the Free Trade Agreement with India... he will be remembered for that and the massive contribution to our GDP,” said Lord Raval, who has worked closely with Starmer as Labour leader.

“In a world of fintech, unicorns, AI investing and venture capitalism, India is ahead of the curve. So, the relationship with India will endure... because there is a deep desire (in the UK) to connect with this wonderful English-speaking monolith that is going to be the third-largest economy in the world, if not more,” he said.

Virendra Sharma, a Labour Party veteran and one of the longest-serving British Indian MPs for the party from Ealing Southall until the last election, felt the “writing was on the wall” for Starmer after the party's disastrous local election performance last month. He called on the next prime minister to learn from Starmer’s tenure and “not repeat those mistakes”.

"I have seen changes within the Labour Party and other governments as well during my 55-year span as an MP. These things happen in politics,” said Sharma.

“I am one of those MPs of Indian origin who have always raised the importance of India and Britain, two democratic countries, coming together and taking the FTA forward. There will be no changes on that front.

“I'm confident that the new leader will make sure that the July 15 date (for FTA implementation) is honoured and taken forward,” he said.

Starmer’s resignation opens a leadership election process to run until mid-July, with prospective candidates expected to garner the support of at least 81 MPs to be able to join the contest. However, with Burnham emerging as a strong favourite with hundreds of Labour members behind his leadership bid, there is a strong likelihood of Starmer’s successor being in place well before the expected September timeline. PTI AK GRS AMS

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