🗞️ India–EU FTA Could Impact 2 Billion People
The proposed India–EU FTA could cover nearly one-third of global trade and impact over 2 billion people.
The agreement may significantly reshape trade flows and market access opportunities.
💬 Expert Take — “Large trade agreements tend to create long-term winners across manufacturing, exports, logistics, and capital flows.”
🗞️ India Forex Reserves Fall by $7.8 Billion
India’s forex reserves dropped by $7.8 billion as the rupee weakened to 94.47 against the dollar.
The movement reflects ongoing external pressure on the currency.
🗞️ Banks Report Strong Credit Growth
According to RBI data, banks continue to witness strong credit growth alongside a 16% jump in deposits.
The trend indicates sustained lending activity in the economy.
🗞️ PMEGP Creates 36 Lakh Jobs
The PMEGP scheme has generated over 36 lakh jobs and supported more than four lakh micro enterprises.
The programme continues to strengthen grassroots entrepreneurship.
🗞️ India’s BRICS Chairship Focuses on MSME Finance
India’s BRICS chairship is expected to focus heavily on MSME finance and cooperation.
The agenda aims to improve access to capital for small businesses.
🗞️ SBI Pushes Review of Affordable Housing Definition
SBI has called for a review of affordable housing definitions due to rising average loan sizes.
The move could impact housing finance policies going forward.
🗞️ RBI Penalises YES Bank, Hinduja Housing Finance
The RBI imposed penalties on YES Bank and Hinduja Housing Finance for regulatory non-compliance.
The action reinforces regulatory scrutiny across the banking sector.
🗞️ SBI Plans Fund Raise, Axis Raises $500M
SBI is set to seek board approval for fundraising, while Axis Bank has already raised $500 million.
Banks continue to strengthen capital positions amid growing credit demand.
📊 Market Update
📉 Sensex: 77,328.19 ▼ 516.33 pts (–0.66%)
📉 Nifty 50: 24,176.15 ▼ 150.50 pts (–0.62%)
🪙 Gold (per gram): 24K ₹15,268 ▼ ₹32 | 22K ₹13,995 ▼ ₹30
🥈 Silver (per kg): ₹2,75,000 ▲ ₹5,000