Express News | Emerging Asset Prices Decline as U.S.-Iran Talks Fail

BreakingsApr 13 12:49

Indian Central Bank Holds Rates as Mideast War Keeps Outlook in Flux

WSJApr 8 15:11

The Reserve Bank of India Faces Challenges from a Weak Rupee; the Market Widely Expects the Bank to Keep Interest Rates Unchanged This Week

According to the news from Gelonghui on April 7th, the Reserve Bank of India may keep interest rates unchanged on Wednesday, marking its first policy decision since the Iran war. The bank is striving to address the significant depreciation of the rupee while attempting to support economic growth. All 30 economists surveyed by Bloomberg expect the Reserve Bank of India to maintain the benchmark repo rate at 5.25%, even though the economic outlook has dimmed since the last meeting, during which the bank had already signaled a prolonged period of inaction. The Middle East crisis has placed the Monetary Policy Committee in a dilemma. The sharp decline of the rupee since the outbreak of the conflict has become a critical pressure point, prompting the Reserve Bank of India to take action.

Gelonghui FinanceApr 7 13:11

Driven by the conflict in the Middle East, foreign capital sold off Indian equities worth over USD 12 billion this month, setting a new historical record.

Foreign investors are expected to withdraw a record $12 billion from Indian equities in March, as disruptions to oil and gas supplies caused by the conflict in Iran have pressured the Indian economy and heightened concerns about slowing growth. With only two trading days left in the month, foreign investors have already pulled out 1.12 trillion rupees ($12.1 billion) from Indian stocks. According to data from depository NSDL, this is likely to mark the largest-ever monthly sell-off, surpassing the previous record of 940 billion rupees set in October 2024. "The significant withdrawal by foreign institutional investors in March 2026

Global Market ReportsMar 27 14:29

Goldman Sachs has downgraded India's economic growth forecast, warning that monetary tightening will force interest rate hikes.

Goldman Sachs has scaled back its forecast for India's economic growth in 2026 while predicting a 50-basis-point increase in policy rates as the South Asian economy grapples with significant currency depreciation. In a report on Tuesday, Goldman Sachs projected that India’s economy would grow by 5.9% in the 2026 calendar year, down from a previous forecast of 7% made before the Iran conflict. The Wall Street bank had already lowered its South Asia growth forecast to 6.5% on March 13. Goldman Sachs analysts further reduced their growth expectations after revising assumptions regarding oil prices and the duration of supply disruptions.

Global Market UpdatesMar 24 14:12

Indian Rupee Hits New Lows, Central Bank Intervenes Again

On March 20, according to the Grayscale Investment Union, the Indian rupee fell against the US dollar, breaking through 93 and hitting a record low due to concerns that prolonged conflicts in the Middle East might lead to an expanded current account deficit. The Reserve Bank of India has been intervening to support the rupee, with traders reporting another round of intervention by the central bank on Friday. Brent crude oil is currently priced at approximately $106 per barrel, far exceeding the baseline level of $70 per barrel estimated by the Reserve Bank of India in October last year. According to data from the Reserve Bank of India, a 10% increase in global crude oil prices would result in a 0.15% decline in economic growth and a 0.3% rise in inflation.

Gelonghui FinanceMar 20 13:29