Following a roughly 3% decline last week, oil prices took a break on Monday as investors assessed the likelihood of a US rate decrease against the possibility of a Russia-Ukraine agreement that may ease sanctions and allow additional Russian supply. Ahead of a deadline set by US President Donald Trump on Thursday, the United States…
Due to bank sales of US dollars and a decline in the price of crude oil globally, the rupee recovered from record lows on Monday, rising 49 paise to 89.17 against the US dollar in early trading. Forex traders claim that the Reserve Bank of India’s (RBI) involvement and a favorable opening in the domestic…
Due to a sharp rise in the value of gold reserves, India’s foreign exchange reserves increased $5.543 billion to $692.576 billion during the week ending November 14, the RBI reported on Friday. In the previous reporting week, the total reserves had decreased by $2.699 billion to $687.034 billion. According to figures issued on Friday, foreign…
In November, industrial growth fell to a nine-month low, offsetting an increase in services, and India’s private sector activity grew at its weakest rate in six months. The S&P Global-compiled HSBC flash India Composite Purchasing Managers’ Index (PMI) fell to 59.9 this month from its final reading of 60.4 in October. The flash India Manufacturing…
UBS said on Friday that U.S. natural gas prices have gone up a lot in recent weeks as forecasts show a colder-than-normal start to winter across the country. UBS believes the market is now focused on possible heating demand and the steady growth of U.S. natural gas exports. This is happening even though gas storage…
Due to declining risk appetite, dwindling hopes for a Federal Reserve rate decrease, and uncertainty around a US-India trade agreement, the Indian rupee fell to a record low against the dollar on Friday. The rupee fell from its previous all-time low of 88.80, which was reached in late September and earlier this month, to 89.48….
UBS has raised its gold price forecast for mid-2026. The reasons for the increase in gold prices this year are expected to continue strong demand from investors and central banks. Gold rose very quickly in 2025 and has since remained above $4,000 per ounce. UBS experts say their expectations have not changed. They now expect…
Today, November 20, the Infosys share repurchase window commenced, and it will end on November 26. The Rs 18,000-crore buyback will be the largest the IT behemoth has ever introduced. The buyback price per share is set at Rs 1,800. This is Infosys’s first share buyback announcement since 2022, when the firm accepted a Rs…
According to data from the Petroleum Planning and Analysis Cell (PPAC), India’s petroleum product exports decreased 8.6% year over year to $23.2 billion between April and October of FY26 from $25.4 billion during the same period the previous year. But in terms of volume, exports stayed mostly steady at 37 million tons over that time….
Following India’s sustained significant imports of Russian oil, the US levied retaliatory “reciprocal” import taxes of up to 50% on a variety of Indian goods in August 2025. Textiles, jewelry, leather goods, and fisheries were among the industries severely impacted. But by November 2025, the US government had lifted the punitive tariffs on over 200…
