7 result(s) for “Economy”
The Indian rupee gained modestly on October 9, 2026 after early intervention by the Reserve Bank of India and a drop in oil prices. Traders said the central bank sold dollars to cap depreciation, a move that should limit imported inflation risks but leaves longer term pressure from global risks and capital outflows unresolved.
Amazon India opened its flagship Great Indian Festival on October 8, 2026, kicking off the country’s busiest retail window. The sale promises deep discounts and bank offers but raises fresh questions about pricing transparency, seller margins, and competition with rival platforms during the critical festive season.
On October 7, 2026 the Reserve Bank of India raised its policy repo rate by 25 basis points to 5.50 percent, its first increase since 2023, and shifted policy stance toward calibrated tightening amid rising inflationary pressures and strong growth.
Apple Pay has launched in India via Axis Bank credit cards, prompting new merchant tie ups and fresh debate over how the service will interact with the country’s dominant UPI system. The development could shift consumer card usage and merchant acceptance but will not replace the ubiquity of UPI in the near term.
Republicans are increasingly linking Democratic candidates to the Democratic Socialists of America ahead of the November midterms, as new polling shows the organisation remains unpopular with a majority of registered voters nationally.
India’s semiconductor push is entering a new phase as Applied Materials plans to invest $5 billion over the next decade, while the country expands efforts across chip manufacturing, design, packaging, research and supply chains.
Government borrowing costs have climbed sharply across major economies, with the US 10-year Treasury yield reaching 5% and G7 yields rising to levels not seen since the global financial crisis era.