The Reserve Bank of India proposed measures to significantly boost the rupee’s use in cross-border trade, particularly with neighboring countries and major partners. This includes permitting banks to lend INR to non-residents for trade and establishing direct reference rates with currencies like the Indonesian rupiah and UAE dirham. Additionally, special rupee vostro account balances will gain wider investment eligibility.Read More
Japan’s Nikkei share average posted a slight gain on Thursday, ending a four-session losing streak, primarily boosted by chip-related stocks tracking U.S. peers. However, the broader Topix index declined, with analysts suggesting the Nikkei’s recovery might be brief due to cautious retail investors and overall negative market sentiment.Read More
South Korean shares soared to a record high on Thursday, driven by a significant surge in chipmakers Samsung Electronics and SK Hynix. Both companies secured a major deal to supply memory chips for OpenAI’s data centres, propelling the benchmark KOSPI over 3%.Read More
The RBI’s decision to keep the repo rate unchanged at 5.5% in October 2025 has been welcomed by real estate leaders. Experts say the move stabilises borrowing costs and home loan EMIs, supporting buyer confidence and festive-season demand. While it may not directly improve affordability, the steady rate helps sustain sentiment among homebuyers and developers.Read More
Tiger Global-backed construction material supply firm Infra.Market has filed for an initial public offering (IPO) worth between Rs 4,500 crore and Rs 5,500 crore with market regulator Sebi using the confidential pre-filing route, market sources said on Wednesday.Read More
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