UPDATED: Oct 13, 2026 09:56 IST
The Indian rupee strengthened by 60 paise against the US dollar to open at 95.17, recovering from recent 97 levels following reserve interventions by the Reserve Bank of India. In commodities, MCX silver dropped by 600 rupees to 2.22 lakh rupees per kilogram, while gold traded flat at 1.49 lakh rupees per 10 grams. Meanwhile, the International Monetary Fund raised India's FY27 economic growth forecast to 7% from 6.4%, while trimming China's outlook and warning about stretched global resilience and tight energy supplies. Dalal Street witnessed a weak start as the Nifty slipped below 22,300, even as IT stocks gained over 1.5% led by Tata Consultancy Services and HCLTech. Additionally, Tata Motors finalised an execution pact with Stellantis to manufacture passenger vehicles, including a prospective Jeep SUV based on the Tata Sierra platform, for more than 50 international export markets.
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India Projected To Grow At 7% In 2026, Outpaces China, US: IMF
The International Monetary Fund has projected India's economic growth at 7% in 2026, keeping it as the world's fastest-growing major economy. The projection outpaces China, which is estimated to grow at 4.5%, as well as the United States and European economies. The IMF projected global economic growth at 3.1% in 2026 and 3.4% in 2027, with global inflation expected to reach 4.7% due to higher energy and food prices. India's stronger economic outlook is supported by robust domestic demand and services activity, representing an upward revision from earlier forecasts despite ongoing global energy shocks and elevated oil prices.
Delhi Paramilitary Cover Extended; Jantar Mantar Removed as Protest Site
Paramilitary deployment in the national capital has been extended by four more weeks following a review of protest sites. Security reviews for new demonstration grounds stand completed, with Jantar Mantar no longer designated as an official protest venue. Instead, Ramlila Ground, Burari Ground, and CBD Ground have been earmarked as the new locations for holding demonstrations. The deployment period for 20,000 paramilitary personnel stationed across Delhi was prolonged in view of recurring flash protests. Authorities noted the decision accounts for unscheduled and spontaneous demonstrations in the capital.
Delhi Police File Two FIRs Over INDIA Bloc Protest March Towards Supreme Court
Delhi Police have registered two FIRs following a protest march staged by INDIA bloc members towards the Supreme Court. The cases were lodged at the Barakhamba Road and Tilak Marg police stations after opposition leaders and workers breached barricades during the stir. The march originated near Barakhamba Road and proceeded towards Tilak Marg without official police permission, resulting in scuffles during the demonstration. The accused column in the initial complaints currently remains blank, while police teams examine CCTV footage and viral videos to record statements and identify demonstrators.
Himanta Dares Rahul: Let Congress Quit Kerala, 'Ready To Contest in Assam on Ballot Papers'
Assam Chief Minister Himanta Biswa Sarma challenged Congress leader Rahul Gandhi amid opposition protests against Chief Election Commissioner Gyanesh Kumar. Sarma said that if Congress governments step down, he is prepared to hold fresh assembly elections in Assam using ballot papers. He stated, "If Rahul Gandhi gets rid of the Congress government in Kerala, I am ready. I am prepared to contest an election in Assam using ballot papers." Sarma also demanded that Congress resign in Telangana and Karnataka, ask its ally to quit in Tamil Nadu, and abstain from contesting upcoming assembly elections in Uttar Pradesh, Punjab, and Goa if Gyanesh Kumar remains Chief Election Commissioner.