High attrition rates in private sector and small finance banks are a significant risk factor, causing operational disruptions and increased recruitment costs. The Reserve Bank of India highlights the importance of strategic measures, including improved onboarding, training, and competitive benefits, to retain talent and ensure stability within the banking sector.
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Gold prices hit an all-time high of Rs 89,450 per 10 grams in the national capital, driven by strong global trends and safe-haven demand due to cooler-than-expected US inflation data. Gold and silver also saw gains in the futures market. Traders are now focused on upcoming US economic data, which could influence further market trends.
Bitcoin experienced its first weekly decline since Trump's election win, dropping over 7% due to the Fed's cautious policy outlook. This impacted the broader crypto market, which fell about 10%. Experts predict a choppy short-term outlook but remain bullish for Bitcoin into early 2025, with a significant options expiry event expected on December 27th.
Unemployment claims in the US increased by 14,000 for the week ending 11 January, amidst a robust job market with low layoffs. December saw a rise in job growth, while job openings peaked in November, indicating strong hiring intentions despite some high-profile companies announcing job cuts.
In November, the RBI sold $20 billion from its forex reserves to stabilize the rupee. Nomura observes that the central bank has sold $89.4 billion since October 2024, yet India's forex reserves remain adequate with a 236% adequacy ratio as of January 3, 2025. Despite a dip from a peak of 266%, the reserves remain robust.
The National Stock Exchange of India (NSE) has surpassed 22 crore investor accounts, adding 2 crore in just six months. As of March 31, 2025, unique registered investors stood at 11.3 crore. Maharashtra leads in investor accounts, followed by Uttar Pradesh and Gujarat. Over the past five years, the Nifty 50 Index delivered a 22 per cent annualised return.
In 2024, 76% of Spinny's customers in India were first-time buyers of used cars. Women buyers increased to 26%, with many preferring automatic hatchbacks. Top car models included Renault Kwid, Hyundai Grand i10, and Maruti Suzuki Swift. Hatchbacks and compact SUVs saw significant sales. Major cities like Bangalore, Delhi NCR, and Hyderabad led the market.
Banks will be closed in Gujarat, Mizoram, Maharashtra, Karnataka, Madhya Pradesh, Tamil Nadu, Rajasthan, Uttar Pradesh, West Bengal, New Delhi, Chhattisgarh, and Jharkhand on April 10, 2025.
The Trump administration's decision to exempt tariffs on Indian pharma imports brings relief to a $9 billion-plus US export market, highlighting India's key role in providing affordable generic medicines. However, India's medical device sector faces a 26% reciprocal tariff, potentially impacting its growth and exports.
Adani Group and Aditya Birla Group are set to enter the high-growth wires and cables sector, challenging an industry dominated by smaller, unorganized players. This move is expected to disrupt the market significantly. Both conglomerates have invested heavily, with Adani forming a joint venture and Aditya Birla announcing a major investment and plans for a new plant.
Sebi is developing a 'when listed' concept for trading shares of companies post-IPO bidding closure to counteract the grey market's influence. This initiative aims to formalize the trading of yet-to-be-listed stocks in a regulated manner. Sebi is also streamlining the IPO submission process using AI tools to handle the anticipated surge in IPO applications effectively.