Business

While Reliance Industries has issued no formal directive, operators of Jio-BP petrol pumps have begun enforcing a ₹1,000/visit cap to curb panic buying.

Despite RBI's moves to shield the rupee, the rupee-dollar implied volatility has surged to the highest level in four years.

Amid the Iran war, RBI sees India's inflation rate at 4.6% in FY27, but expects India to grow faster at a real GDP growth rate of 7.6% versus 7.4% earlier.

RBI is likely to keep the repo rate at 5.25%, after signalling a long pause at its last monetary policy meeting, though the outlook has clouded due to Iran war.

Bankers and forex traders believe rupee may have found a near-term equilibrium around the 93/dollar level after extreme uncertainty that pushed it to 95.