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World Bank says South Asia growth to slow to 6.3% in 2026 amid Middle East conflict

NEW DELHI, April 8 (Reuters) – South Asia’s growth is expected to slow to 6.3% in 2026 from 7.0% in 2025 as the conflict in the Middle-East and disruptions in global ​energy markets weigh on the import-dependent region, the World Bank said on ‌Wednesday. In its latest South Asia Economic Update, the bank said growth should recover to 6.9% in 2027, while the region would remain the fastest growing among emerging market and developing economies. The World Bank said the outlook ​was highly uncertain because South Asia depends heavily on imported energy and is ​vulnerable to spillovers from the Middle

Silver, gold script sharp comeback as US-Iran ceasefire calms global jitte

New Delhi, Apr 8 (PTI) Silver prices surged Rs 11,000 to Rs 2.51 lakh per kilogram in the national capital on Wednesday, while gold advanced to Rs 1.56 lakh per 10 grams amid strong global cues after the US and Iran agreed to a two-week ceasefire. According to the All India Sarafa Association, the white metal zoomed by Rs 11,000, or nearly 5 per cent, to Rs 2,51,000 per kg (inclusive of all taxes) from Tuesday’s closing level of Rs 2,40,000 per kg. Gold of 99.9 per cent purity also appreciated by Rs 3,200, or 2.09 per cent, to Rs

Trump says US will ‘dig up’ uranium buried in Iran; Iran does not confirm

TEHRAN, Iran, April 8, 2026 (AP) — President Donald Trump said Wednesday that the U.S. will work with Iran to “dig up and remove” its enriched uranium that was buried under joint U.S.-Israeli strikes last summer. The president said on social media that “There will be no enrichment of Uranium” and that none of the material had been touched since the June attacks. Trump had previously said the U.S. would retrieve the deeply buried material, which is expected to be an intensive undertaking, if it struck an agreement with Iran. Trump added: “We are, and will be, talking Tariff and

Rupee surges 47 paise to close at 92.59/USD on US-Iran ceasefire, RBI pause on policy rates

Mumbai, Apr 8 (PTI) The rupee appreciated 47 paise to close at 92.59 (provisional) against the US dollar on Wednesday after US President Donald Trump announced the suspension of military strikes against Iran for two weeks, and the Reserve Bank kept the key benchmark rate unchanged with a neutral stance. Forex traders said investor sentiment got a boost after Governor Sanjay Malhotra assured that the steps taken on forex do not constitute a structural change. Moreover, confidence was exuded in the health of the banking system, notwithstanding recent developments in some private banks. Malhotra said the banking sector regulator did

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