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Rupee surges 52 paise to close at 92.54/USD on US-Iran ceasefire

Rupee surges 52 paise to close at 92.54/USD on US-Iran ceasefire

The Indian rupee experienced a notable surge following President Trump’s decision to suspend military action against Iran and the RBI’s steady interest rate policy, signaling improved market confidence and easing geopolitical tensions. Photograph: Francis Mascarenhas/Reuters Key Points The Indian rupee

RBI Inflation Target Extended: What It Means for India’s Economy

RBI Inflation Target Extended: What It Means for India’s Economy

The Indian government has extended the RBI’s inflation target of 4% until 2031, reinforcing its commitment to price stability and economic growth. Illustration: Uttam Ghosh Key Points The Indian government has mandated the RBI to maintain retail inflation at 4%