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₹5,067 Turns Into ₹15,384: Sovereign Gold Bond Investors See 204% Return as RBI Sets Redemption Price
Investors in Sovereign Gold Bond 2020-21 Series VI are sitting on substantial gains after the Reserve Bank of India fixed the premature redemption price at ₹15,384 per unit for September 8, 2026. For online subscribers who entered at ₹5,067 per gram, the increase translates into an absolute price return of about 204%, excluding the additional interest earned over the holding period.
Finance
Indian Companies Step Up Overseas Borrowing as July Total Hits $7.70 Billion
Indian companies raised $7.70 billion through overseas borrowing in July 2026, up from $5.52 billion in the same month a year earlier, according to data reported from the Reserve Bank of India. Large transactions by Adani Enterprises, Shapoorji Pallonji and Power Finance Corporation contributed to the increase as companies tapped foreign debt for refinancing, capital expenditure and other corporate requirements.
Finance
Rupee Falls to ₹94.66 Per Dollar as Crude Nears $98: Why It Matters for India
The Indian rupee weakened by 10 paise to ₹94.66 against the US dollar in early trade on September 8, while Brent crude climbed to around $97.61 a barrel. Rising oil prices and geopolitical tensions in the Middle East added pressure on the currency and Indian equities, although suspected dollar-selling intervention by the Reserve Bank of India helped limit the rupee's decline.
Finance
Government Orders Manual Checks for Imported Drugs and Medical Devices After SWIFT 2.0 Gap
Customs officers have been directed to manually verify regulatory documents for imported drugs, medical devices, cosmetics and related manufacturing inputs after a gap was identified in the SWIFT 2.0 clearance system.
Finance
IRDAI Plans Public Insurance Registry: What It Could Change for Policyholders and Insurers
IRDAI has proposed a Public Insurance Registry that would connect verified information across India's insurance ecosystem without putting all records into one central database. The regulator expects the system to improve policy servicing, claims, competition and its ability to identify gaps in insurance coverage.
Finance
Gold at Record Highs, Import Duty at 15% — Yet Indian Buyers Are Still Spending
Indian consumers continue to spend heavily on gold despite record prices, a weaker rupee and a sharp increase in import duty. Wedding and festival purchases, investment demand and the growing reach of organised jewellery chains are helping sustain the market, even as higher costs have cooled some areas of consumption.
Finance
India’s Banks Are Sitting on Record Excess Cash — Why It Has Become a New Problem for RBI
India’s banking system is awash with excess cash after massive foreign-currency inflows added rupee liquidity to the financial system. With the surplus hitting a record ₹10.3 lakh crore, the RBI is stepping up efforts to absorb funds as overnight interest rates fall below its policy rate and inflation risks return to focus.
Finance
Indian Investors Rush to GIFT City Funds: Retail Participation Jumps to 8,467 as Global Markets Outperform
Indian retail participation in GIFT City international funds has surged, with the number of investors in retail schemes rising to 8,467 in the April-June 2026 quarter from 3,483 in the previous quarter. Retail investors now account for more than 52% of the investor base as Indians increasingly seek global diversification.
Finance
Indian Banks Could Save Up to 50 Bps on Funding Costs After $136 Billion Liquidity Boost
Indian banks could see funding costs decline by as much as 50 basis points after a large influx of foreign-currency deposits eased liquidity pressures and reduced lenders’ reliance on expensive short-term borrowing.
Finance
India Launches New Customs Portal to Reduce Differences in Import Assessments Across Ports
India’s customs administration has introduced the National Assessment Centre Portal, giving importers, customs brokers and officials a central place to search assessment decisions, advance rulings, legal precedents and other guidance. The initiative is intended to reduce inconsistent interpretations of classification and valuation rules across customs formations.
Finance
India’s BoP Could Swing to $60–65 Billion Surplus in FY27 Despite Wider Current Account Deficit
HDFC Bank expects India to record a $60–65 billion balance of payments surplus in FY27, helped by more than $136 billion mobilised through RBI-backed foreign-currency measures. The forecast comes even as the current account deficit widens and foreign portfolio flows remain weak.
Finance
India Services PMI Rises to 54.1, Hiring Surges to 15-Month High
India’s services sector expanded at a slightly faster pace in August 2026, with the HSBC India Services PMI rising to 54.1 from 53.3 in July. Hiring accelerated to a 15-month high, while stronger output and new business supported activity, though overall growth remained relatively subdued.
Finance
India’s GDP Is Growing Strongly. Why Are Economists Still Debating the Numbers?
India’s strong GDP growth has reinforced its position among the world’s fastest-growing major economies, while also renewing scrutiny of how that growth is measured. Economists and political critics are focusing on price deflators, the gap between GDP and GVA, household demand and whether headline growth adequately captures conditions across the wider economy.
Finance
Indian Banks Ask RBI to Use Forex Swaps as Surplus Liquidity Hits Record ₹9.7 Lakh Crore
Indian banks have proposed dollar-rupee sell/buy swaps to help the Reserve Bank of India absorb a record ₹9.7 lakh crore liquidity surplus. The proposal follows heavy foreign-currency deposit inflows that have left the banking system awash with cash and complicated the RBI's task of keeping short-term interest rates aligned with monetary policy.
Finance
Zerodha Gets SEBI Merchant-Banking Licence, Plans IPO and Capital-Markets Push
Zerodha is expanding beyond stockbroking after its subsidiary, Zerodha Corporate Advisors, secured SEBI approval to operate as a merchant banker. The firm plans to begin with IPOs, follow-on issues and related advisory services, while bringing what it describes as a low-cost, “no-hard-selling” approach to issuers and investors.
Finance
India’s April–July Fiscal Deficit Falls to ₹4.55 Lakh Crore, Reaches 26.8% of FY27 Target
India’s fiscal deficit narrowed to ₹4.55 lakh crore during April–July FY27, equivalent to 26.8% of the government’s full-year target. Stronger tax receipts helped contain the deficit even as the Centre accelerated capital expenditure to around ₹4.5 lakh crore.
Finance
India Gets ‘A-’ Sovereign Rating From Japan’s JCR as Strong Growth and Financial Reforms Pay Off
Japan Credit Rating Agency has upgraded India’s sovereign credit rating from BBB+ to A- with a Stable outlook, citing strong economic growth, improving fiscal quality, a healthier banking system and resilient external finances. JCR also raised India’s country ceiling to A, marking a significant improvement in its assessment of the country’s creditworthiness.
Finance
Rupee Weakens to 94.97 Against US Dollar as Rising Oil Prices and Strong Dollar Add Pressure
The Indian rupee ended marginally weaker at 94.97 against the US dollar on September 2, losing 2 paise from its previous close. Rising crude oil prices, renewed US-Iran tensions, higher US Treasury yields and a stronger dollar weighed on the currency, while foreign capital inflows and Reserve Bank of India support helped prevent a sharper decline.
Finance
ICICI Bank Mobilises $17.88 Billion Through RBI’s FCNR(B) Scheme, Deploys $9 Billion as Loans
ICICI Bank has mobilised around $17.88 billion, or approximately ₹1.7 trillion, through FCNR(B) deposits under the Reserve Bank of India’s special foreign-exchange swap facility. The private lender said about $9 billion has been deployed as loans through its international branches and subsidiaries, while it issued around $3.63 billion in standby letters of credit to other banks.
Finance
India Braces for ₹25,000 Crore IPO Rush as Nearly 25 Companies Line Up in September
India's primary market is heading into a potentially blockbuster September, with nearly 25 companies preparing initial public offerings that could collectively raise ₹20,000–₹25,000 crore. Improving market sentiment, stronger recent listings and an approaching September 30 deadline for several SEBI approvals are accelerating fundraising plans.
Finance
Foreign Investors Return to Indian Stocks, Pump ₹30,919 Crore in August
Foreign portfolio investors strengthened their return to Indian equities in August 2026, investing ₹30,919 crore and remaining net buyers for a second consecutive month. Improving corporate earnings, a relatively stable rupee and rotation away from crowded AI trades helped revive overseas interest, although FPIs remain substantial net sellers for the year.
Finance
Finance Ministry Flags El Niño and Global Risks Even as India’s Economy Stays Resilient
India’s Finance Ministry says the economy remains relatively stable despite an uncertain global environment, supported by resilient domestic demand and external-sector buffers. However, its August 2026 Monthly Economic Review warns that an intensifying El Niño could threaten crop yields and food prices, while global bond yields, capital flows and volatile financial conditions remain key external risks.
Finance
India Braces for ₹25,000 Crore IPO Rush in September as Nearly 25 Companies Line Up
India's IPO market is heading into a potentially busy September 2026, with nearly 25 companies preparing public offerings that could collectively raise ₹20,000–₹25,000 crore. Improving market sentiment, recent listing performance and an approaching SEBI approval deadline are encouraging issuers to accelerate fundraising plans.
Finance
India Inc Pays Record ₹4.5 Lakh Crore in Dividends, But Companies Are Keeping More of Their Profits
Indian companies distributed a record ₹4.5 lakh crore in dividends in FY26, according to an analysis of 187 BSE 200 companies with audited results. However, the dividend payout ratio fell to a five-year low of 27% as profit growth outpaced dividend growth, indicating that companies retained a larger share of their earnings.
Finance
IPO Rush Continues: Seven Issues Worth ₹1,415 Crore Hit Dalal Street This Week
India’s primary market remains busy this week as seven IPOs—three mainboard and four SME issues—seek to raise about ₹1,415 crore. Purple Style Labs leads the fundraising pipeline, while Deepa Jewellers and Rays of Belief are also preparing to tap investors as the IPO market enters September with sustained activity.
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