India's forex reserves fall $18.34 billion to $747.56 billion in week ended September 25economictimes.indiatimes.com
India's foreign exchange reserves fell by $18.34 billion to $747.56 billion for the week ended September 25, according to Reserve Bank of India data. The decline was driven primarily by a drop in foreign currency assets, which fell by $15.57 billion to $615.41 billion. Gold reserves also decreased by $2.59 billion to $108.7 billion. Special Drawing Rights held with the International Monetary Fund fell by $97 million to $18.64 billion, while India's reserve position declined by $86 million to $4.8 billion.
Traders now see little chance of a Fed rate hike in October after weak jobs reportcnbc.com
Traders scaled back expectations of an interest rate hike by the Federal Reserve at its October meeting following a weaker-than-expected September employment report. The U.S. economy added only 29,000 jobs during the month, falling short of consensus estimates for a gain above 80,000. CME's FedWatch tool showed just a 17 percent chance of an October rate increase, down from 36 percent the previous week. The soft labor data follows a cooler personal consumption expenditures price report released on Wednesday, though markets continue to price in a rate hike for December.
Dividend jackpot shares: Coal India, Wipro, ITC, BPCL or ONGC? Which large cap stock has the highest yield? Data detailslivemint.com
Coal India, Wipro, ITC, Bharat Petroleum Corporation, and Oil and Natural Gas Corporation emerged as the top large-cap companies for dividend yields exceeding 5 percent in financial year 2025-26. Coal India led the group with a dividend yield of nearly 6.6 percent, having declared around ₹26.50 per share over the past year. Wipro, ONGC, and ITC also offered strong yields backed by multi-year dividend payout histories. Dividend yield measures a company's total annual payout against its current share price to show investor returns.
Weakest monsoon since 2015 prompts ICRA to cut FY27 farm growth forecasteconomictimes.indiatimes.com
Rating agency ICRA lowered its agriculture, forestry, and fishing growth forecast for fiscal year 2027 to about 1 percent from 1.3 percent due to a deficient southwest monsoon. Rainfall between June and September reached 87 percent of the long-period average, marking the lowest level since 2015. Uneven precipitation affected kharif sowing, which finished 1.2 percent below the previous year by late September, with notable declines in rice and cotton acreage. Depleted reservoir storage levels, particularly in southern India, also raised concerns for the upcoming rabi season and potential impacts on rural demand.
Asian shares tumble after wild swings in bonds, FX before US jobs databusiness-standard.com
Asian shares fell on Friday as investors reacted to wild volatility in global bond and currency markets ahead of key U.S. employment data. Benchmark 10-year U.S. Treasury yields touched 5.34 percent, hitting their highest level since 2002 before easing back to 5.25 percent. In Europe, fiscal worries in France pushed sovereign bond yield spreads to their widest gap since 2012, battering the euro and regional equities. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.5 percent, while Japan's Nikkei declined 0.7 percent. Wall Street futures steadied ahead of nonfarm payroll reports projected to show a rise of 90,000 jobs in September.
Govt absorbing up to Rs 2,700 per urea bag as global costs rise to Rs 3,000: Nirmala Sitharamaneconomictimes.indiatimes.com
Union Finance Minister Nirmala Sitharaman stated that the central government absorbs a subsidy of approximately ₹2,700 on every bag of urea to shield farmers from soaring global import costs. Speaking in Madanapalle, Andhra Pradesh, Sitharaman noted that international prices have reached up to ₹3,000 per bag due to pandemic disruptions and geopolitical tensions in West Asia. Despite these headwinds, farmers continue to purchase urea at around ₹300 per bag through government market interventions. The administration prioritized ensuring zero shortages of farm inputs alongside direct benefit transfers and institutional credit access.