Topic
pressure
Commodities Rise in dollar inflows via FCNR(B) deposits may add pressure on gold prices
Domestic gold prices fell 6% in the past month to ₹146,344 per 10g on July 3, driven by global weakness and expectations of substantial dollar inflows through RBI's FCNR(B) deposit scheme. The scheme, which offers higher rates and forex hedging support, has already attracted $7 billion in June, with inflows projected to reach $50 billion by October, strengthening the rupee and adding downside pressure on gold.
Finance RBI’s Net Short Forward Position Hits Record $106.6 Billion Amid Rupee Pressure
According to a July 1, 2026 report by the TOI Business Desk for Business Today, the Reserve Bank of India's net short forward position hit a record $106.6 billion amid rupee pressure. The development signals heightened central bank intervention to support the currency, with implications for trade finance costs and forex hedging.
Logistics Diana Shipping Extends Hostile Tender for Genco, Intensifying Dry Bulk Consolidation Battle
Diana Shipping has extended its hostile tender offer for Genco Shipping & Trading to July 18, maintaining pressure in one of dry bulk's most closely watched takeover battles. The offer, valued at $27.34 per share, is backed by a $1.433bn financing package, with Star Bulk Carriers poised to acquire 16 Genco vessels for $470.5m if the deal proceeds. As of June 26, about 10.5m Genco shares (28.4% of outstanding) had been tendered.
Commodities Cement prices under pressure in July due to monsoon, weak demand: Centrum report
Cement prices are expected to remain flat in July 2026 as the monsoon season and weak underlying demand continue to pressure the sector, according to a Centrum report. Demand in Q1 FY27 was below expectations due to subdued construction activity, labour shortages, elections, heatwaves, and slower government project execution. Dealers do not anticipate any significant price hikes in the near term.
Technology GenAI and Geopolitics to Keep India's IT Sector Growth Under Pressure, Says JPMorgan
JPMorgan's research report warns that India's IT services sector faces an uncertain demand environment due to generative AI (GenAI)-led productivity gains, geopolitical uncertainty, and shifting enterprise spending. Revenue growth has stagnated at 2-3% over three years, with a meaningful recovery not expected before FY30. The brokerage cut growth estimates and valuation multiples across the sector.