Sugar‑related shares fell more than 5% on Monday after a new tender excluded sugar‑derived ethanol for the 2026‑27 supply year, prompting a broader market dip.
Posts tagged as “India economy”
India's central bank has introduced measures to curb speculative bets on the rupee, but analysts say fundamental pressures could push the currency toward the 100‑per‑dollar threshold by 2027.
The National Payments Corporation of India has pushed back the 0.4% merchant discount rate on high‑value UPI transactions to a date after Diwali, citing trader concerns and festive‑season pressures.
The NIFTY50 is expected to start the day 11 points up as a draft steel policy and a higher RBI repo rate dominate market sentiment.
Prime Minister Narendra Modi inaugurated SEMICON India 2026 in New Delhi, underscoring a 7.8% growth rate, a sovereign rating upgrade and expanded funding for the semiconductor mission.
Finance Minister Nirmala Sitharaman said India expects to maintain 7% GDP growth in FY27, citing resilience to geopolitical tensions and a push for overseas capital.