Economy News ( English version)

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  • RBI likely to hold repo rate at 5.25%, market to focus on policy guidance: Nuvama August 1, 2026
    The Reserve Bank of India will likely keep its repo rate unchanged at 5.25 percent. Policymakers are expected to adopt a cautious wait-and-watch approach for now. Inflation risks remain elevated due to supply chain and oil price concerns. Financial conditions have tightened, reducing the immediate need for rate action.
  • India's gross GST collections rise 15.4% to Rs 2.11 lakh crore in July August 1, 2026
    India's GST collections reached Rs 2.11 lakh crore in July 2026, reflecting a 15.4% growth year-on-year. The surge in revenue was largely driven by strong domestic performance, alongside a significant 28.8% leap in import tax collections. Together, these key elements propelled the remarkable fiscal results, underscoring the continuing upward trend in th […]
  • RBI's FCNR, forex schemes draw $40.81 billion in inflows so far August 1, 2026
    Significant capital inflows have been recorded, thanks to the proactive measures taken by India's central bank. The Reserve Bank of India facilitated a total of $40.81 billion in foreign exchange influx, of which $36.7 billion derived from Foreign Currency Non-Resident deposits. Support also came through swap facilities for External Commercial Borrowing […]
  • Indian companies are about to raise prices, putting RBI's inflation outlook to test August 1, 2026
    Indian companies are preparing for price increases on various products soon as commodity costs rise due to ongoing global conflicts. Consumers can expect higher prices for everyday items ranging from toothpaste to tires. Demand is expected to remain stable during the upcoming festival season. Policymakers are closely monitoring inflation pressures and their […]
  • India's envoy Vinay Mohan Kwatra meets US official Allison Hooker, discusses advancing bilateral ties August 1, 2026
    India's ambassador to the US, Vinay Mohan Kwatra, met Allison Hooker. They discussed advancing the India-US bilateral partnership. The productive discussion occurred on Friday morning. Both officials exchanged perspectives on regional developments. This meeting aimed to strengthen existing ties.

 

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