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Crude oil above one hundred dollars a barrel will push inflation past six percent. This could prompt interest rate hikes. Economists suggest a neutral approach for monetary and fiscal policies. Stimulating demand too early risks high inflation. Policymakers must balance growth and inflation control. Raising fuel prices can help manage the fiscal deficit. Mumbai, Crude oil sustaining above USD 100 per barrel will push the headline inflation above 6 per cent, the upper level of RBI's tolerance ba ...Read More >
Mumbai: A recent report by HSBC has warned that if crude oil prices remain above USD 100 per barrel, India's inflation could rise beyond 6 percent. This level is the upper limit of the Reserve Bank of India's (RBI) comfort range. According to HSBC economists, if oil prices stay below USD 100 on average, inflation may remain under control. However, if prices stay higher for a longer period, inflation pressure will increase sharply. Risk of Interest Rate Hikes If inflation crosses 6 percent, th ...Read More >
New Delhi: A US-sanctioned tanker carrying Iranian crude oil has rerouted mid-voyage from its previously indicated destination of India - where it would have marked the first such shipment in nearly seven years - to China. The Aframax tanker Ping Shun, built in 2002 and sanctioned by the US in 2025, is now signalling Dongying in China as its destination instead of Vadinar in Gujarat, which it had indicated earlier this week, according to ship-tracking firm Kpler. There is no confirmation that ...Read More >
New Delhi: The Indian rupee depreciation post February 27 is, in fact, in line with other currencies, and better than currencies which appreciated significantly in the earlier period (April 2, 2025 to February 27, 2026), indicating that in an uncertain world pushing the limits on rupee depreciation as a shock absorber does not hold beyond an inflection point, according to SBI Research. Interestingly, the Indian rupee depreciated by 6.4 per cent between April 2, 2025 to February 27, 2026. At the ...Read More >
New Delhi, March 31: India's foreign‑exchange reserves of over $700 billion are large enough to deter speculative moves and allow the Reserve Bank of India to intervene to stabilise the rupee, a report said on Tuesday. The report from SBI Research said current reserve levels are equivalent to more than 10 months of imports and that short‑term debt is below 20 per cent of reserves, providing room and time to intervene in the market to prop up the rupee if it is so desirable. The research firm ...Read More >
New Delhi, April 3 (SocialNews.XYZ) The Indian rupee depreciation post February 27 is, in fact, in line with other currencies, and better than currencies which appreciated significantly in the earlier period (April 2, 2025 to February 27, 2026), indicating that in an uncertain world pushing the limits on rupee depreciation as a shock absorber does not hold beyond an inflection point, according to SBI Research. Interestingly, the Indian rupee depreciated by 6.4 per cent between April 2, 2025 to ...Read More >
New Delhi [India], April 3 (ANI): Former Indian diplomat KP Fabian said the UK-led group of countries that are currently deliberating on strategies for reopening the Strait of Hormuz will likely not be able to fulfil the guarantees demanded by Iran. Fabian, in a conversation with ANI, said that there can hardly be any meeting that can be done at the military level. "The chair has stated that they will work through diplomacy. But later, there was a statement that there would be a meeting at the ...Read More >
NEW DELHI: A US-sanctioned tanker carrying Iranian crude oil has altered its course mid-voyage, dropping India as its destination and rerouting to China, in a move that underscores ongoing challenges in resuming oil trade with Iran.The Aframax tanker Ping Shun, which had been signalling Vadinar in Gujarat earlier this week, is now indicating Dongying in China as its destination, according to ship-tracking firm Kpler. The vessel was expected to deliver what would have been India's first Iranian c ...Read More >
New Delhi: A US-sanctioned tanker carrying Iranian crude oil has altered its course mid-voyage, shifting its destination from India -- where it would have marked the first such shipment in nearly seven years -- to China. The Aframax tanker Ping Shun, built in 2002 and sanctioned by the US in 2025, is now signalling Dongying in China instead of Vadinar in Gujarat, which it had listed earlier this week, according to ship-tracking firm Kpler. There is no confirmation that the destination indicate ...Read More >
New Delhi, Apr 3 (PTI) A US-sanctioned tanker carrying Iranian crude oil has rerouted mid-voyage from its previously indicated destination of India - where it would have marked the first such shipment in nearly seven years - to China. The Aframax tanker Ping Shun, built in 2002 and sanctioned by the US in 2025, is now signalling Dongying in China as its destination instead of Vadinar in Gujarat, which it had indicated earlier this week, according to ship-tracking firm Kpler. There is no confir ...Read More >
The safe-haven asset gold has been subjected to a volatile cycle of highs and lows in recent times. While it declined on Monday, the yellow metal prices have rallied on Tuesday, March 31. In India, the gold prices for 24 karat gold per gram rose by Rs 103 to Rs 14,929, Rs 13,685 per gram for 22 karat gold, signalling a surge by Rs 95. Meanwhile, the prices for 18 karat gold surged by Rs 78 to Rs 11,197. The MCX remained closed for the morning session on Tuesday on account of 'Mahavir Jayanti', ...Read More >
New Delhi, April 3: Global crude oil prices rose on Friday after US President Donald Trump warned of possible military strikes on Iran within two to three weeks, stoking fresh concerns over supply disruptions from the West Asia region. Brent crude futures traded at $109.24 per barrel, up 8 per cent, while US West Texas Intermediate (WTI) futures were at $111.54 per barrel by 3:39 am (local time). Till Friday, US WTI futures jumped 11.94 per cent from the previous Friday's close during the week, ...Read More >
Urges cash conservation, tighter project timing, cost control and employee support Tata Sons chairman N Chandrasekaran has cautioned group CEOs and managing directors to prepare for a tougher business environment, warning of a demand slowdown, project delays driven by supply chain disruptions, and rising costs linked to oil prices, currency movements and logistics pressures as the conflict in West Asia continues, according to sources. The message was delivered at a review meeting with over 30 ...Read More >
New Delhi, April 3 (SocialNews.XYZ) Economists on Friday said they do not expect any change in repo rate or stance this time amid geopolitical tensions, as the Reserve Bank of India (RBI) gears up for its monetary policy committee (MPC) meeting next week. According to them, the tone will be cautious and what will be eagerly awaited is RBI's forecast of GDP and inflation under the prevailing uncertainty. "We do not expect any measures for either liquidity or currency management as RBI will do w ...Read More >
New Delhi: Economists on Friday said they do not expect any change in repo rate or stance this time amid geopolitical tensions, as the Reserve Bank of India (RBI) gears up for its monetary policy committee (MPC) meeting next week. According to them, the tone will be cautious and what will be eagerly awaited is RBI's forecast of GDP and inflation under the prevailing uncertainty. "We do not expect any measures for either liquidity or currency management as RBI will do whenever required as we ha ...Read More >
New Delhi, April 3 (SocialNews.XYZ) Global crude oil prices rose on Friday after US President Donald Trump warned of possible military strikes on Iran within two to three weeks, stoking fresh concerns over supply disruptions from the West Asia region. Brent crude futures traded at $109.24 per barrel, up 8 per cent, while US West Texas Intermediate (WTI) futures were at $111.54 per barrel by 3:39 am (local time). Till Friday, US WTI futures jumped 11.94 per cent from the previous Friday's close ...Read More >
New Delhi: Amid the raging West Asia war, India has sought the reopening of the Strait of Hormuz, a vital waterway currently blockaded by Iran with officials highlighting the unique gravity of the situation, noting that India remains the only nation to have suffered citizen fatalities within the conflict zone. At a UK-led summit on the Middle East situation, India also underscored the critical need for unhindered passage and maritime security across international shipping lanes. Representing I ...Read More >
New Delhi [India], April 3 (ANI): Vandana Bharti, AVP and Head of Commodity Research at SMC Global Securities, highlighted that the West Asian war is causing a significant disruption in global crude oil supplies, with 10 million barrels of oil missing from the market daily. Speaking with ANI on Thursday, she also shed light on the volatile shift in the global energy market. After a brief period of optimism earlier this week, the outlook for a ceasefire in the West Asian conflict has dimmed, rep ...Read More >
NEW DELHI: Tata Sons chairman N Chandrasekaran has asked over 30 CEOs and managing directors of group companies to brace for a tougher business environment, as the war in West Asia is disrupting supply chains, sources said.At a review meeting on the war's implications on Thursday, Chandrasekaran told top executives that more than 10,000 Tata employees are based in the region, including those from Voltas, TCS, Indian Hotels, and Titan (including Damas), and outlined steps to facilitate their retu ...Read More >
MUMBAI: The rupee recorded its strongest recovery in 13 years, rising 173 paise to close at 93.1 from Tuesday's 94.83, after RBI tightened rules to curb speculative bets and forced a sharp unwinding of dollar positions.However, with a fresh round of US bombing in Iran post market hours, which resulted in global oil prices surging further, dealers are wary of a fresh wave of volatility when forex markets open next week.Thursday's rebound followed a series of regulatory steps aimed at squeezing sh ...Read More >
NEW DELHI: India's oil basket recorded $113.49 a barrel in March, the highest in four years, due to disrupted global supplies amid the conflict in West Asia. In March 2023, the oil basket had reached $112.87 after the Ukraine war broke out, but it slowly eased. The cost of crude for Indian refiners was pegged at $120.84 on April 1, when the Brent crude was hovering around $107 a barrel.The price of the Indian oil basket represents the average of Oman and Dubai for sour grades and Brent (Dated) f ...Read More >
New Delhi [India], April 2 (ANI): Indian fast-moving consumer goods (FMCG) companies are expected to implement a fresh round of price increases starting in the first quarter of FY27. As per a report by Nuvama Institutional Equities, a sharp rise in crude oil prices and a weakening Rupee have significantly increased input cost pressures, ending a period of relative price stability for the sector. The report forecasts price hikes of at least 3 to 4 per cent in Q1FY27 if the current inflation in r ...Read More >
Mumbai, April 2: The rupee logged one of its steepest single-day gains in many years and settled 152 paise higher at 93.18 against the US dollar on Thursday after the Reserve Bank stepped in with a slew of measures to restrict banks from onshore forward markets. The domestic unit, however, remained under pressure due to the unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation, forex analysts said. At the interbank fo ...Read More >
Stock Market Live Updates: Indian equity benchmarks are likely to witness a sharp decline at the open as oil prices climbed more than $4 on Thursday after US President Donald Trump said the United States would continue to attack Iran, including energy and oil targets over the next few weeks, and did not commit to a specific timeline to end the war. This comes a day after both BSE Sensex and NSE Nifty50 ended Wednesday's session on a positive note, signalling an overall upbeat market mood. Here ...Read More >
Mumbai: Heightened uncertainty transmitting from the West Asia crisis into India's growth and inflation outlook may compel the Monetary Policy Committee (MPC) of the Reserve Bank of India to hold the benchmark repo rate to 5.25 per cent next week and maintain a neutral stance. The central bank is also likely to announce measures to support liquidity and the rupee. The three-day policy meeting of the MPC (RBI's rate-setting panel) will begin on April 6. Globally, a lot has changed since the RBI ...Read More >
New Delhi: The government on Thursday admitted that oil marketing companies (OMCs) in the country are currently incurring significant losses on fuel sales as global crude oil prices surge amid the ongoing West Asia conflict, even as retail fuel prices remain unchanged. "Oil marketing firms are facing under-recoveries of about Rs 24 per litre on petrol and Rs 104 per litre on diesel. The government has reduced excise duty to keep prices stable, and part of the burden is also being borne by our o ...Read More >
New Delhi: Gold prices plunged Rs 6,004 to Rs 1.47 lakh per 10 grams in futures trade on Thursday amid intensified geopolitical tensions in West Asia that boosted the US dollar and dampened the investors' sentiment. Snapping a four-day winning streak, the yellow metal for the June delivery plunged Rs 6,004, or 3.91 per cent, to Rs 1,47,704 per 10 grams on the Multi Commodity Exchange. Analysts said precious metal prices declined as the US dollar rebounded following remarks by President Donald ...Read More >
Foreign investors are withdrawing from Indian equities due to global risk aversion amid West Asia tensions, but India's domestic strength remains solid. Ross Maxwell of V T Markets highlights that the retreat reflects a risk-off strategy rather than concerns about India's economic fundamentals, with geopolitical developments impacting investor sentiment. Global investors are retreating from Indian equities, driven by increasing global uncertainties and a 'risk-off' mindset amid ongoing West Asi ...Read More >
Mumbai: The Indian rupee appreciated 173 paise on Thursday, its best single-day gain in 13 years, after fresh steps by the Reserve Bank of India (RBI) aimed at curbing speculative activity boosted sentiment in the currency market. The rupee's appreciation came even as crude oil prices rose over 5 per cent during the day after US President Donald Trump vowed to strike Iran very hard over the coming two to three weeks, renewing prolonged oil supply disruption risks. At the interbank foreign excha ...Read More >
New Delhi: Foreign Secretary Vikram Misri on Thursday represented India at a high-level international meeting convened by the UK Foreign Secretary to address the escalating situation in West Asia, particularly disruptions affecting critical maritime routes like the Strait of Hormuz. The virtual gathering brought together representatives from more than 60 countries to discuss the regional crisis, which has raised serious concerns over global energy supplies and maritime security. India, a major ...Read More >
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