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New Delhi [India], April 8 (ANI): The oil marketing companies (OMCs) are likely to absorb higher crude costs without passing it on to consumers if Brent crude prices remain in the range of USD 85-90 per barrel, Rajani Sinha, Chief Economist, CareEdge Ratings, has said. Also Read | 8th Pay Commission News: Consultation Process Begins, Salary Hike Expected in FY 2026-27. In an exclusive conversation with ANI on Wednesday, she also termed the Reserve Bank of India's (RBI) decision to keep rates u ...Read More >
New Delhi [India], April 8 (ANI): The oil marketing companies (OMCs) are likely to absorb higher crude costs without passing it on to consumers if Brent crude prices remain in the range of USD 85-90 per barrel, Rajani Sinha, Chief Economist, CareEdge Ratings, has said. In an exclusive conversation with ANI on Wednesday, she also termed the Reserve Bank of India's (RBI) decision to keep rates unchanged as appropriate amid global uncertainty. She stated, "As per our analysis, if crude oil prices ...Read More >
New Delhi, April 7 (SocialNews.XYZ) The Reserve Bank of India (RBI) is likely to keep policy rates on pause as liquidity tools will take centre-stage in 2026, even as crude prices sit about 50 per cent above the central bank's $70 per barrel assumption, a report said on Tuesday. "Current oil prices are 50 per cent above RBI's assumption of $70/bbl. Despite this, we continue to see a high bar for monetary tightening," the report from SBI Mutual Funds said. The AMC firm noted metals and mining a ...Read More >
New Delhi, April 7 (SocialNews.XYZ) Global geopolitical tensions are beginning to weigh on India's economic outlook, but the country is still expected to maintain steady growth as GDP growth expected at 6.2 per cent for FY2027, a report said on Tuesday. The data compiled by Morgan Stanley projected India's growth, even as rising energy costs, supply disruptions, and external pressures pose fresh challenges. However, it is lower than earlier estimates of 6.5 per cent, the report stated. The dow ...Read More >
New Delhi [India], April 5 (ANI): Former Indian Ambassador to the UAE, Sunjay Sudhir, delivered a blunt assessment of Islamabad's standing in West Asian diplomacy, asserting that Pakistan was never a "mediator" in the Iran-US conflict, but merely a "messenger at best." Speaking to ANI, highlighted a growing "trust deficit" and financial pressure that appear to be isolating Islamabad on the global stage. He noted that true mediation requires both conflicting parties to sit at the table with the ...Read More >
New Delhi [India], April 5 (ANI): The Reserve Bank of India (RBI) is likely to keep key policy rates unchanged in its upcoming Monetary Policy Committee (MPC) meeting scheduled for April 6-8, amid heightened global uncertainty triggered by the ongoing West Asia conflict, according to a report by SBI Research. "As the situation is still evolving, we expect RBI to maintain status quo in the upcoming policy," the report said, highlighting that this will be the first policy review since the outbrea ...Read More >
Mumbai: The Reserve Bank of India is expected to keep interest rates unchanged in its upcoming Monetary Policy Committee (MPC) meeting from April 6 to 8, according to a report by SBI Research. This will be the first policy review after the ongoing conflict involving the US, Israel, and Iran. Due to global uncertainty, the central bank is likely to act carefully and avoid major changes for now. Focus on Stability Measures The report suggests that RBI may explore "Operation Twist." This is a to ...Read More >
MUMBAI, April 2 (Reuters) - The Indian rupee is poised to open sharply higher on Thursday after the Reserve Bank of India rolled out a fresh set of measures to clamp down on speculative activity, with traders expecting chunky dollar sales as positions are unwound. The 1-month non-deliverable forward indicated the rupee will open in the 92.65-92.70 range versus the U.S. dollar, having settled at 94.83 on Monday. India's financial markets were shut on Tuesday and Wednesday for local holidays. O ...Read More >
New Delhi [India], March 29 (ANI): India could face pressure on remittances, the rupee and fiscal finances as the ongoing conflict in West Asia disrupts economic flows with the Gulf region, according to a report by SBI Funds Management. The report titled "2026 Middle East Conflict and Its Implications" highlighted that apart from higher crude prices, India's external sector and fiscal balances could come under strain through multiple channels. One key risk is a slowdown in remittances from the ...Read More >
Kolkata: The rupee, already the weakest Asian currency this year in a back-loaded retreat against the US dollar, Tuesday breached the 91 mark for the first time on unabated outflows from local assets by overseas investors. The currency, which Tuesday touched a fresh all-time low of 91.08, has depreciated over 6% this year against the US dollar, the world's reserve currency in which both traded and investable assets are priced across geographies. 'Pace of Decline to Slow' Nearly half of that d ...Read More >
New Delhi [India], December 16 (ANI): In Financial Year 2027, the monetary easing is set to drive the above-trend growth of 7.5% amid the expectations of continuous fiscal tightening, said India Market Outlook 2026 Report by Axis Capital on Tuesday. "We expect the monetary easing to drive above-trend growth of 7.5%. Fiscal tightening is expected to continue, though it would be much slower at 20 bps, but the revival in credit growth in response to much easier monetary conditions is a significant ...Read More >
Merchandise exports for November 2025 stood at USD 38.13 billion, while imports were estimated at USD 62.66 billion. New Delhi: India's merchandise trade deficit registered a sharp decline to USD 24.53 billion in November from USD 41.68 billion in October despite the uncertainties in the global market triggered by the US tariff turmoil, data released by the Commerce Ministry on Monday showed. Merchandise exports for November 2025 stood at USD 38.13 billion, while imports were estimated at USD ...Read More >
MUMBAI, Dec 1 (Reuters) - India's current account deficit moderated in the July-to-September quarter on the back of a lower merchandise trade deficit, the Reserve Bank of India said on Monday. The current account deficit stood at $12.3 billion, or 1.3% of GDP, in the second quarter of the fiscal year 2025-26, compared with an upwardly revised deficit of $20.8 billion, or 2.2% of GDP, in the same quarter a year ago. In the preceding quarter, the current account had recorded a deficit of $2.4 bi ...Read More >
NEW DELHI: The Unique Identification Authority of India has urged parents to update the Aadhaar biometrics of children between five and seven years."Timely completion of mandatory biometric update is an essential requirement for maintaining the accuracy and reliability of biometric data of children. If the MBU is not completed even after seven years of age, the Aadhaar number may be deactivated, as per the existing rules," the agency said in a statement.This is required to ensure seamless access ...Read More >
New Delhi: Describing former prime minister PV Narasimha Rao as a remarkable intellectual and visionary with a reformist zeal, Andhra Pradesh Chief Minister Nara Chandrababu Naidu on Tuesday said that PV transformed India's future, and everyone today was enjoying fruits of his far-reaching economic reforms. Delivering the lecture on "The Life and Legacy of PV Narasimha Rao" at the Prime Minister's Museum and Library here, Naidu recalled his warm and respectful relationship with PV Narasimha Rao ...Read More >
Srinagar, Jul 3 (PTI) The annual Amarnath Yatra began on Thursday with the first batches of pilgrims setting off from the twin base camps in Baltal and Nunwan towards the 3880-metre-high cave shrine in the south Kashmir Himalayas, which houses a naturally formed ice-lingam, officials said. The yatra started early morning from the twin tracks -- the traditional 48-km Nunwan-Pahalgam route and the 14-km Baltal route. The batches of pilgrims, including men, women and sadhus, left from the Nunwan ...Read More >
India's balance of payments (BoP) recorded a $13.5 billion current account surplus in the fourth quarter of fiscal year 2025 (Q4FY25), equivalent to 1.3 per cent of GDP. This surplus, driven by robust services exports and remittances, paints a picture of external sector strength. However, it conceals significant vulnerabilities in merchandise trade, capital inflows, and domestic demand. In fiscal year 2025 (FY25), the current account deficit (CAD) moderated to -0.6 per cent of GDP, an unusual o ...Read More >
MUMBAI (Reuters) -India's current account posted a surplus for the first time in four quarters in the January-March period, helped by higher services exports, the central bank said on Friday. The current account surplus stood at $13.5 billion, or 1.3% of GDP in the fourth quarter of the fiscal year 2024-2025 versus the polled estimate of $8.5 billion, or 0.9% of GDP. The surplus compares with a deficit of $11.3 billion or 1.1% of GDP in the preceding quarter, the Reserve Bank of India said in ...Read More >
MUMBAI (Reuters) -India's current account posted a surplus for the first time in four quarters in the January-March period, helped by higher services exports, the central bank said on Friday. The current account surplus stood at $13.5 billion, or 1.3% of GDP in the fourth quarter of the fiscal year 2024-2025 versus the polled estimate of $8.5 billion, or 0.9% of GDP. The surplus compares with a deficit of $11.3 billion or 1.1% of GDP in the preceding quarter, the Reserve Bank of India said in ...Read More >
Ulan Bator: Mongolia's economy is projected to grow by 5.3 per cent in 2024 and 6.5 per cent in 2025, driven by robust mining production and domestic demand, according to the World Bank's latest semi-annual Mongolia Economic Update on Friday. Economic growth in Mongolia remained steady at 5.7 per cent year-on-year during the first half of 2024, with high-frequency data indicating continued momentum into the third quarter, Xinhua news agency reported. The World Bank attributed this solid perfor ...Read More >
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