The Reserve Bank of India has moved 104 tonnes of gold from overseas storage to vaults inside India, bringing total domestic gold holdings to around 510 tonnes. The remaining roughly 370 tonnes are still held abroad, primarily in the UK. Total RBI gold reserves now stand at 880 metric tonnes. The shift is a logistical reallocation, not a new purchase. Rising gold prices have done most of the work here. The metal's rally pushed gold's share of India's total foreign exchange reserves from 13.92% to 16.7% in six months, without the RBI necessarily buying more. That matters because a higher gold share changes the composition of reserves, which central banks and analysts watch as a signal of how a country manages currency risk. The RBI has been gradually repatriating gold since 2022, moving holdings closer to home. Investors and analysts will watch whether further repatriation follows, and whether gold's rising weight in reserves prompts any formal reserve policy adjustment.
Pakistan's economy grew 3.7 percent in FY2026, its fastest rate in four years, according to the Pakistan Economic Survey presented by Finance Minister Muhammad Aurangzeb. Growth beat last year's 3.18 percent but missed the 4.2 percent target, with floods, regional conflict, and weaker food exports cited as key drags.
The Union government released an additional Rs 1,09,019 crore in tax devolution to states on August 1, 2026, separate from the regular monthly transfer. The lump-sum release aims to accelerate state capital spending in the July-September quarter, with Uttar Pradesh, Bihar, and Madhya Pradesh among the top recipients.
US mortgage rates have risen to a one-year high as markets weigh Federal Reserve rate uncertainty and Middle East conflict-driven inflation fears. Higher rates increase monthly payments for new buyers and are likely to further suppress housing market activity and refinancing.
Pakistan's Sensitive Price Index rose 13.52 percent year on year for the week ending July 2, 2026, marking 45 consecutive weeks of annual gains. Electricity up 49 percent, wheat flour up 68 percent, and LPG up 44 percent year on year are the main drivers.
