crude oil prices

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    Stock Market Volatility: RBI Policy and Geopolitical Risks

    New Delhi, April 5 The domestic stock market is expected to remain volatile this week as investors track the Reserve Bank's monetary policy decision, key global macroeconomic data, and the impact of the West Asia conflict, analysts said.Movements in crude oil prices and foreign fund flows will...
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    India's RBI Weighs Inflation Risks in April Policy

    Mumbai, April 5 The Reserve Bank is likely to keep the benchmark policy repo rate unchanged at 5.25 per cent in the April monetary policy review meeting, as the West Asia crisis is likely to push up inflation, according to economists.The continuing geopolitical tensions in West Asia...
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    OMCs Discount Refining Costs to Offset Fuel Price Controls

    New Delhi, April 5 In a move unprecedented since the deregulation of fuel prices, Indian state-owned oil marketing companies will pay refineries a discounted price for petrol, diesel, aviation turbine fuel (ATF), and kerosene, aiming to limit mounting losses resulting from a self-imposed freeze...
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    Foreign Investors Exit Indian Equities Amid Geopolitical Concerns

    New Delhi, April 5 Foreign investors continued to exit Indian equities, withdrawing ₹19,837 crore (USD 2.1 billion) in the first two trading sessions of April, weighed down by the West Asia conflict, rising crude oil prices, and persistent rupee depreciation.This followed a record withdrawal...
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    Government Reduces Customs Duty for Surat Textile & Plastics

    Surat, April 3 – The central government has reduced the basic customs duty on more than 40 key petrochemical raw materials to zero for a period of three months, a move expected to ease cost pressures on Surat's textile and plastics industries amid rising global input prices.The duty...
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    Oil Prices and Inflation: Risks for India's Monetary Policy

    Mumbai, April 3 If crude oil prices remain above USD 100 per barrel, headline inflation is likely to exceed 6 per cent, the upper limit of the RBI's tolerance band, and trigger interest rate hikes, a foreign brokerage has said.Economists at HSBC said that consumer price inflation (CPI) will...
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    West Bengal Election Materials Face Higher Costs Due to Petrochemical Prices

    Kolkata, April 2 Rising crude prices, amid the West Asia crisis, are driving up the costs of flex banners and other election campaign materials in West Bengal, a state heading to elections, according to industry sources.Printers and representatives of the plastics industry said that packaging...
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    Rupee Strengthens: RBI Interventions Boost Currency

    Mumbai, April 2 The rupee registered one of its largest single-day gains in many years and closed 156 paise higher at 93.14 (provisional) against the US dollar on Thursday after the Reserve Bank intervened with a series of measures to restrict banks from trading in the onshore forward markets...
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    Gold Prices Plunge as Geopolitical Tensions Rise

    New Delhi, April 2 Gold prices plunged by Rs 6,004 to Rs 1.47 lakh per 10 grams in futures trading on Thursday, amid heightened geopolitical tensions in the Middle East that boosted the US dollar and dampened investor sentiment.Breaking a four-day winning streak, the yellow metal for June...
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    Rising Yields Drive ₹17,689 Cr FPI Exit from Indian Bonds

    Mumbai, April 2 Foreign portfolio investors have withdrawn ₹17,689 crore of their investments in Fully Accessible Route (FAR) government securities since the beginning of the conflict in the Middle East, reflecting heightened risk aversion among global investors and growing concerns over...
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    Geopolitical Risks Weigh on Domestic and Asian Markets

    Mumbai, April 2 The Sensex and Nifty, India's benchmark equity indices, declined by 2% in the early trading session on Thursday, amid rising geopolitical tensions following US President Donald Trump's warning of intensified military actions against Iran, which drove up crude oil prices...
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    LPG Deliveries Surge: Over 60 Lakh Cylinders Distributed

    New Delhi, April 1 More than 3.9 lakh 5 kg Free Trade LPG (FTL) cylinders have been sold since March 23, and over 65,000 5 kg FTL cylinders were sold yesterday, the government said on Wednesday.The supply of LPG continues to be affected due to the prevailing geopolitical situation, but there...
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    Global Markets Rise as Trump Hints at Middle East Resolution

    Mumbai, April 1 Stock markets closed nearly 2 per cent higher on Wednesday, with the Sensex and Nifty rallying in tandem with global peers amid hopes of de-escalation in the West Asia conflict.Starting the new fiscal year on a high note, the 30-share BSE Sensex jumped 1,186.77 points or 1.65...
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    ONGC, Oil India Gas Price Up to USD 7/mmBtu

    New Delhi, March 31 The government has increased the administered price mechanism (APM) gas price for state-run producers Oil and Natural Gas Corporation and Oil India Limited to USD 7 per mmBtu, up from USD 6.75 per mmBtu, according to an official notification.This revision applies to gas...
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    FY27 Market Forecast: Analysts See Recovery Driven by Earnings and Easing Global Risks

    New Delhi, March 31 – Analysts say that the outlook for Indian markets in the next fiscal year remains optimistic, provided geopolitical tensions subside and crude oil prices stabilize, even though domestic equities ended FY26 on a bearish note, with the Sensex falling by 7%.In 2025-26, the...
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    Telangana Assembly Urges Centre to End Middle East Conflict

    Hyderabad, March 30 – The Telangana Legislative Assembly unanimously passed a resolution on Monday, urging the Centre to take the initiative to stop the war in the Middle East.The resolution warns that if the war between the US, Israel, and Iran continues, this could lead to a third World War...
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    Fiscal Deficit Narrowing, But Risks Remain - India

    New Delhi, March 30 The central government's fiscal deficit stood at Rs 12.52 lakh crore at the end of February, or 80.4 per cent of the annual budget target for 2025-26, compared to 85.8 per cent in the year-ago period, according to government data released on Monday.The Centre estimates the...
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    India's Economy Under Pressure Amid Political Allegations

    New Delhi, March 30 Congress leader Rahul Gandhi on Monday alleged that Prime Minister Narendra Modi has "surrendered" India's future, and claimed that the economy has collapsed, stocks are crashing, and savings are being wiped out because the prime minister is "compromised"."Rupee: Rs 95 to...
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    Government Response to Fuel Costs: Measures Announced

    Australia will halve its fuel excise tax until the end of June to help ease costs for households amid a surge in fuel prices caused by the conflict in the Middle East. Australian Prime Minister Anthony Albanese made the announcement today as the international benchmark for crude oil rose above...
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    Crude Oil Futures Market Volatile as Prices Climb

    New Delhi, March 30 Crude oil prices rose by Rs 159 to Rs 9,554 per barrel in futures trading on Monday, as the escalating conflict in West Asia is causing severe disruptions in energy supply.On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 159, or 1.69%, at Rs...
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