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UBS Downgrades India Stock Rating to Neutral

India Considers Emergency Measures to Boost Coal Power Generation Due to Gas Supply Shock

Indian Market Regulator Issues Consultation Paper on Modifying Securities and Mutual Fund Account Nominee Rules

Indian Overnight Index Swap Rates Surge

RBI May Be Selling USD To Stem Rupee Decline

US-India Trade Deal Expected to Improve Rupee Prospects

India Proposes to Raise Equity Derivatives Tax to Curb Speculation

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The Indian rupee, which appreciated 2.1% against the dollar in April, is expected to face depreciation pressure due to high crude oil prices and the ongoing blockade of the Strait of Hormuz. After a 4% decline in March, the rupee stabilized but is projected to open around 93 this week. Analysts predict a range of 92-93.5 for the rupee in the coming weeks, influenced by foreign fund outflows and a widening current account deficit. Economists forecast the CAD to reach 1.6% of GDP by 2026-27, with a potential balance of payments deficit of $25 billion.

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Rupee may come under pressure as Strait of Hormuz blockade continues

Indian equities are expected to open lower on Monday due to Iran's reversal on reopening the Strait of Hormuz, raising concerns over peace talks and energy prices. Recent tensions, including attacks on Indian-flagged ships, have dampened market optimism. Analysts predict a potential market correction, with energy prices being a key factor. While FPIs have recently turned net buyers, they remain net sellers overall. Investors are advised to be cautious amid these geopolitical uncertainties, as market direction will largely depend on developments in the Strait of Hormuz and energy prices.

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Markets may see fresh volatility Monday as Hormuz tensions escalate again

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India's banking sector is projected to see a non-food credit growth of 11-13% from January to June 2026, according to the FICCI-IBA Bankers' Survey. This optimism is driven by improving balance sheets, steady economic activity, and strong demand in retail and SME sectors. Industrial credit growth is expected to be more gradual. Key sectors for term loan demand include infrastructure, real estate, and pharmaceuticals. The survey also highlights the importance of sustainable finance, with renewable energy financing showing significant growth potential. Overall, banks maintain a positive outlook on credit expansion despite geopolitical uncertainties.

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Banking sector resilient; 11-13% credit growth for Jan-June likely: Survey

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The Indian government is considering raising the foreign direct investment (FDI) limit in the pension sector to 100%, aligning it with the insurance sector. A Bill for this amendment is expected in the upcoming Monsoon or Winter session. Currently, the FDI cap in the pension fund is 49%. The amendment may also propose separating the NPS Trust from the PFRDA, establishing it as a charitable trust or under the Companies Act. This move aims to enhance the management of the National Pension System (NPS) and address the rising pension liabilities.

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Govt may hike FDI limit in pension sector, Bill likely in Monsoon session

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The Centre has approved the procurement of 20 lakh tonnes of potatoes in Uttar Pradesh at ₹6,500.90 per tonne, costing ₹203.15 crore, to protect farmers from distress sales. Additionally, the procurement limit for gram in Andhra Pradesh has been raised to 1.13 lakh tonnes, and the procurement window for tur in Karnataka has been extended to May 15. These measures aim to ensure farmers receive fair prices and avoid distress sales during peak harvest periods.

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Centre okays UP potato procurement at ₹6,500/ton; raises gram limit in AP

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CRISIL reports that Indian banks' credit portfolios are expected to remain resilient amid the ongoing West Asia conflict, with gross non-performing assets (GNPAs) projected to settle at 2–2.2% in FY27. The corporate segment's healthy balance sheets will support asset quality, while loans to micro, small, and medium enterprises (MSMEs) may face pressure, though government measures are anticipated to mitigate this. GNPAs in the MSME segment could rise to 3.4–3.6%, while retail loan asset quality is expected to remain stable at 1.1–1.3%.

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Indian banks' credit portfolio resilient amid West Asia conflict: CRISIL

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AI themes reshape Asia's capital landscape, marginalizing India. According to BofA Securities' latest survey, India has become the most underweight market among Asian fund managers; Goldman Sachs simultaneously initiated a relative value trade favoring long Korea and short India. The Nifty 50 posted less than 9% gains this month, significantly lagging behind the over 15% surge in Korean and Japanese markets

- The attractiveness of the Indian stock market to Asian investors is declining as funds shift towards North Asian markets, particularly Korea and Japan, capitalizing on the AI theme resurgence.  
- A recent BofA Securities survey indicates that Indian stocks have the lowest overweight ratio among Asian fund managers, with Goldman Sachs suggesting a strategy of going long on Korea while shorting India, the Philippines, and Thailand.  
- India's lack of AI-focused companies and its reliance on oil imports, which makes it vulnerable to price fluctuations due to geopolitical conflicts, contribute to its status as the most underweight market in Asia, despite a recent Nifty 50 rebound.

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Capital Flows Shift to East Asian 'Tech', Indian Stocks Face Further Pressure

The Indian rupee strengthened for the second consecutive session, closing at 92.93 per dollar, following the Reserve Bank of India's directive to oil companies to avoid spot market dollar purchases. The rupee's rise was supported by softening crude oil prices and reduced dollar demand. Foreign exchange reserves increased to nearly $701 billion, aided by a rise in foreign currency assets. Analysts predict the rupee may appreciate further towards 92.00 as demand decreases and foreign investors sell dollars amid rising equities.

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Rupee jumps as RBI restricts spot market dollar buying by oil companies

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Realty firm Signature Global has partnered with Tonino Lamborghini to launch "Tonino Lamborghini Residences Gurugram," a premium residential project in Gurugram. Spanning 12.40 acres, it will feature 812 luxury apartments with a gross development value of ₹4,000 crore and starting prices at ₹5 crore. The project aims to offer design-led living inspired by Italian luxury, with premium amenities and a lifestyle experience. This collaboration reflects the growing trend of branded residences in India, catering to high-income buyers seeking exclusivity and luxury.

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Italian luxury meets Indian realty: Lamborghini-branded homes in Gurugram

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The Indian stock, bond, and foreign exchange markets are affected by the conflict between the U.S. and Israel, with challenges such as soaring energy prices, foreign capital withdrawal, and currency depreciation intensifying. The stock market has continued to decline, recording its worst performance in recent years, with the SENSEX and NIFTY 50 indices falling by 2.22% and 2.14% respectively on March 30. Foreign capital net sold USD 12.14 billion in March, setting a historical record. The bond market also faced selling pressure, and the central bank's intervention failed to curb the rise in yields, with the 10-year government bond yield surpassing 7%. Analysts believe this may signal the end of the monetary easing cycle, with expectations for interest rate hikes rising in the future

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The Indian stock, bond, and foreign exchange markets are impacted by the conflict

Shares of Man Industries (India) surged to an all-time high of ₹541.65, rising 6.5% on the BSE, marking an increase of nearly 70% over 11 consecutive sessions. Investors Ashish Kacholia and Vikas Khemani hold a combined 5.43% stake in the company. Man Industries, a leading manufacturer of carbon steel line pipes, is expanding into stainless-steel seamless pipes and establishing a new plant in Saudi Arabia with a capex of ~₹1,200 crore. The company anticipates no significant impact from geopolitical tensions on its operations, maintaining a robust order book of ~₹4,000 crore.

Ashish Kacholia portfolio: Man Ind zooms 70% in April, hits record high

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Global markets are showing signs of stability in West Asia, but public debt is a growing concern, projected to reach nearly 100% of global GDP by 2029. India's elevated debt exposes it to currency pressures and higher borrowing costs. Labor unrest in Noida highlights deep-rooted issues in the workforce, including wage disparities and irregular payments. K P Krishnan critiques the RBI's currency stabilization efforts, suggesting a return to a market-determined exchange rate. Vinayak Chatterjee discusses India's shift in infrastructure strategy towards asset monetization, emphasizing the need for effective contract design and regulatory clarity.

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Best of BS Opinion: Global debt and local stress redraw India's path

The Indian rupee strengthened slightly to 93.1950 against the U.S. dollar, up 0.2%, amid optimism over a potential peace deal in the Iran war, which kept oil prices below $100. Positive cues from the U.S. administration and a Pakistani mediator's involvement have raised hopes for a resolution. However, Indian stocks lagged behind global markets, and foreign investors have net sold over $6.5 billion in April. Analysts remain cautious, noting bearish sentiment towards the rupee despite improved outlooks on Middle East tensions.

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Rupee edges higher as optimism over Iran peace deal firms

The Reserve Bank of India (RBI) is struggling to manage the rupee's depreciation in an open economy, prioritizing currency defense over long-term financial sector development. The current overvaluation of the rupee, coupled with declining exports and capital inflows, necessitates a depreciation to restore balance. However, the RBI's reluctance to raise interest rates amid economic headwinds complicates the situation. Historical precedents show that aggressive interest rate hikes to defend the currency can harm the real economy, suggesting that administrative measures may not yield stability and could increase risk premiums.

- The article critiques the Reserve Bank of India's current strategy to maintain the rupee's value, suggesting it undermines financial sector development and prompts inappropriate interest rate hikes.  
- It argues that the exchange rate is overvalued, and extensive market responses indicate that heavy-handed interventions by the RBI lead to adverse consequences for the economy.  
- The author calls for a shift toward more flexible monetary policies that align with market realities, emphasizing the need for a supportive environment for financial development to ensure long-term growth.

Currency policy is costing India: Managing rupee harder in open economy

India's long-term growth outlook remains strong, supported by macroeconomic fundamentals and reforms, according to senior officials at a roundtable in Washington, D.C. Anuradha Thakur emphasized India's role as a reliable economic partner, focusing on inclusive growth and a stable policy environment. The insurance sector is seen as a key area for expanding coverage and mobilizing capital for infrastructure. Chief Economic Advisor V Anantha Nageswaran highlighted growth driven by domestic demand and infrastructure investment, while Atul Keshap noted strong investor interest across various sectors, showcasing India's appeal as an investment destination.

- India’s long-term growth outlook is supported by strong macroeconomic fundamentals, ongoing reforms, and an innovation strategy, as discussed at a high-level industry roundtable in Washington, D.C.  
- Senior officials highlighted opportunities in the insurance sector to finance infrastructure and the importance of domestic demand and infrastructure investments in driving economic growth.  
- The strengthening economic partnership between India and the U.S. reflects a growing interest in various sectors, positioning India as a stable and attractive investment destination.

India's strong growth outlook intact despite global volatility: Govt

$ISHRS MSCI India(INDA.US)$Ps India Port(PIN.US)$NASDAQ Composite Index(.IXIC.US)The Indian stock market has risen for the 13th consecutive day, continuously hitting new historical highs.Previously recommended Indian ETFsFuture in South Asia and Southeast Asia

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Rupee may come under pressure as Strait of Hormuz blockade continues

Markets may see fresh volatility Monday as Hormuz tensions escalate again

Banking sector resilient; 11-13% credit growth for Jan-June likely: Survey

Govt may hike FDI limit in pension sector, Bill likely in Monsoon session

Centre okays UP potato procurement at ₹6,500/ton; raises gram limit in AP