Forex Reserves Hit New High
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🗞️ India’s Forex Reserves Climb to $702.78 Billion
India’s foreign exchange reserves rose by $4.84 billion to a new high of $702.78 billion — driven by strong capital inflows and stable exports.
💬 Expert Take:
“A record reserve buffer like this boosts investor confidence and cushions the rupee against volatility.”
— Rajiv Mehrotra, FX Strategist, ICRA
🗞️ RBI Eases MSME Loan Rules: No Prepayment Penalty
The RBI has removed prepayment penalties for individuals and small businesses on floating-rate loans — a major relief for MSMEs and entrepreneurs.
💬 Expert Take:
“Removing prepayment penalties will free up working capital for small businesses — a step towards easier credit,”
— Ritu Anand, SME Finance Advisor
🗞️ Travel Food Services Secures ₹598 Cr from Anchors Ahead of IPO
Travel Food Services raised ₹598 crore from anchor investors ahead of its ₹2,000 crore public issue — signalling healthy investor appetite.
🗞️ Bank of Baroda Cuts Home Loan Rates to 7.45%
Bank of Baroda has slashed home loan rates to 7.45% and waived processing fees for new borrowers — boosting retail lending demand.
🗞️ Services Sector Growth Hits 10-Month High
India’s services PMI jumped to its highest in 10 months in June, driven by a sharp rise in new business activity and demand.
🗞️ Income Tax Dept. Rolls Out ‘TaxAssist’ Tool
The Income Tax Department has launched ‘TaxAssist’ — an AI-driven helpdesk for resolving filing queries and notices faster.
🗞️ India Plans Retaliatory Duties on US Auto Tariffs at WTO
India has proposed imposing retaliatory duties against the US at the WTO, challenging continued tariffs on Indian auto exports.
🗞️ SEBI Bans Jane Street for ₹4843 Cr Unlawful Gains
SEBI has barred global trading firm Jane Street from India’s securities market for unfair gains worth ₹4,843 crore.
📊 Market Updates – July 2, 2025
📈 Sensex: 83,697.29 ▲ +90.83 (+0.11%)
📈 Nifty 50: 25,541.80 ▲ +24.75 (+0.10%)
💵 USD/INR: ₹85.69 ▶ stable
🛢️ Brent Crude: $72.80 ▶ stable
🪙 Bitcoin: $108,200 ▲ +1%
🪙 Gold (24K): ₹62,470/10g ▼ −0.2%