Indian stock markets saw a modest rise on Friday. The Nifty and Sensex closed higher, gaining about half a per cent. This uptick followed a US interest rate cut. However, uncertainty surrounding a US-India trade deal and a weaker rupee limited further gains. Investors are awaiting clarity on trade tariffs.
Banks seek easing of guarantee curbs to draw more NRI funds
Indian banks are asking the Reserve Bank of India to remove a guarantee restriction. This move aims to attract money from the Indian diaspora. Banks
June 1, 2026